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Friday, November 27, 2009
Tech Stocks In the Red
By Darryl R. Isherwood
FOXBusiness
Shares of Yahoo (YHOO) were down sharply in Friday morning trading after the stock dropped though a key technical support level.
The company is trading below its 200-day moving average for the first time since May 4.
Yahoo’s drop followed a broader decline in the technology sector that saw shares of all major tech stocks enter the red after the market’s opening.
Among Internet stocks, Google (GOOG) Microsoft (MSFT), Amazon (AMZN) and Ebay (EBAY) were all off in morning trading.
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