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TECH STOCKS: Unemployment Rate Dampens Tech Action

By Rex Crum, MarketWatch SAN FRANCISCO (MarketWatch) -- Tech stocks found the going a bit rough Friday, as the sector's efforts to advance were held in check by investors' reaction to the rise in the U.S. unemployment rate, which dampened enthusiasm across the market. Among leading tech stocks, gains came from Oracle Corp. (ORCL), Research In Motion Ltd. (RIMM), Nvidia Corp. (NVDA) and IBM Corp. (IBM). VeriFone Holdings Inc. (PAY) shares rose almost 7% after the electronic-payment processor reported stronger-than-expected earnings for its fiscal fourth quarter Wednesday. National Semiconductor Corp. (NSM) gained 3.5% after FBR Capital Markets raised its rating on the chip maker to outperform from market perform. However, the sector muddled its way through the day's action after a disappointing payrolls report and an increase in the nation's unemployment rate, which rose to 9.8% in November. The Nasdaq Composite Index (RIXF), which lists many big-name tech stocks and started December with two straight days of gains, was lately down 3 points to 2,576. The Philadelphia Semiconductor Index (SOX) and the Morgan Stanley High Tech 35 Index (MSH) were at their breakeven points. Apple Inc. (AAPL) gave up 31 cents a share to trade at $317.90 after Caris & Co. analyst Robert Cihra raised his price target on the stock to $400 from $375. Declines also came from Google Inc. (GOOG), Dell Inc. (DELL) and Cisco Systems Inc. (CSCO).

Stock News for Verifone (PAY)
DateTimeHeadline
06/26/201519:34:42Initial Statement of Beneficial Ownership (3)
06/25/201519:45:04Statement of Changes in Beneficial Ownership (4)
06/25/201519:39:55Statement of Changes in Beneficial Ownership (4)
06/22/201516:30:00Westpac Offers Next-Gen Portable Payment Devices & Full Terminal...
06/10/201511:12:00Verifone Supports Launch of New Store Rewards Offering within...
06/05/201520:57:00ビザとベリフォンが協力して世界のオムニコマースを推進
06/05/201509:19:52U.S. Hot Stocks: Hot Stocks to Watch
06/05/201506:08:23Quarterly Report (10-q)
06/04/201517:20:05VeriFone Swings to Profit
06/04/201516:09:22Current Report Filing (8-k)
06/04/201516:01:00Verifone Reports Results for the Second Quarter of Fiscal 2015
06/04/201510:14:00Visa Inc. e Verifone unem forças para acelerar o comércio omnicanal g...
06/04/201509:58:00Visa Inc. und Verifone vereinen Kräfte zu weltweiter Beschleunigung...
06/04/201504:58:00Visa Inc. et Verifone s’associent pour accélérer l’omni-commerce dans...
06/03/201509:20:00Visa Inc. and Verifone Join Forces to Accelerate Omni Commerce...
06/01/201518:04:27Statement of Changes in Beneficial Ownership (4)
06/01/201517:00:16Specialized Disclosure Report (sd)
05/20/201508:00:00Coalfire Affirms PCI 3.0 Assessment of Verifone Payment Encryption...
05/01/201508:00:00Verifone to Report Second Quarter Fiscal 2015 Results on June...
04/30/201512:49:09Statement of Changes in Beneficial Ownership (4)

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