Published October 15, 2013
| MarketWatch Pulse
SAN FRANCISCO – Technology stocks retreated at the opening bell on Tuesday as shares of Teradata Corp. fell 17% after the big data analytics company cut its earnings forecast. Teradata was the top decliner on the S&P 500 which was off 0.5%. The tech sector also took a hit from shares of IBM Corp. , which shed more than 1%, one of the worst performers on the Dow Jones Industrial Average . The Dow was down 66 points. Shares of Demand Media Inc. were off more than 1% after the company announced that Chief Executive Richard Rosenblatt was stepping down. The Nasdaq Composite Index was behind 0.2% at 3,807. The Morgan Stanley High Tech 35 Index and the Philadelphia Semiconductor Index were each down a fraction.
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