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TECH STOCKS: Google Jumps As I/O Kicks Off; Apple Slides

Shares of Google Inc. jumped Wednesday -- passing the $900 mark for the first time -- as the company kicked off its developers conference known as Google I/O.Google led the rest of the tech sector to moderate gains. The Nasdaq Composite Index (RIXF) closed up 0.3% at 3,472, while the Philadelphia Semiconductor Index (SOX) rose 1% and the Morgan Stanley High-Tech Index (MSH) edged up by 0.4%.Google (GOOG) shares closed up 3.3% at $915.89 as the company delivered its opening keynote, which has so far included announcements of new developer tools and Google Play Music: All Access -- a new subscription-based music streaming service. MarketWatch is covering the keynote with a live blog. The keynote also featured updates on Android and Chrome. The conference is called I/O in reference to the tech term for input/output.Apple (AAPL) shares were down nearly 3.4% to $428.85 on the news that Julian Robertson's Tiger Management LLC dumped the remainder of its once sizable stake in the company, acc...

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  1. TECH STOCKS: Google Keeps Strong Gains As I/O Kicks Off

    Shares of Google Inc. jumped Wednesday -- passing the $900 mark for the first time -- as the company kicked off its developers conference known as Google I/O.Google ...

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