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Morgan Stanley High Tech Index

TECH STOCKS: Salesforce, Google Losses Hit Tech Stocks

A sharp drop in shares of Salesforce.com sparked a slump across the corporate-software-vendors group and led the broader tech sector into the red Friday.Google shares (GOOG) were off 1.1% at $873.32, following a report that the company may enter into a bidding war against rival Facebook (FB) for Waze, an Israeli mobile app developer. Facebook shares also fell.The Nasdaq Composite Index (RIXF) was down a fraction Friday, closing at 3,459, ending the week with a 1.1% loss. The Philadelphia Semiconductor Index (SOX) and the Morgan Stanley High-Tech Index (MSH) each fell by a fraction.Salesforce.com (CRM) fell 5.3% to close at $43.25, after the cloud-software company reported a deeper net loss for the first fiscal quarter, as higher expenses crimped profit margins.Steve Koenig of Wedbush Securities downgraded the stock to a neutral rating, noting that a reported drop in sales commissions "indicates that new sales activity in the quarter was likely down sharply." He cut his price target on ...

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  1. TECH STOCKS: Cisco Surge Ignites Tech Rally; AMD Slides

    Cisco Systems Inc. led a rally across much of the tech sector on Thursday, after the network equipment giant beat earnings estimates and painted an upbeat picture of...

  2. 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 ...

  3. 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 ...

  4. TECH STOCKS: Google Leads Tech Gains Ahead Of I/O Kickoff

    Shares of Google Inc. jumped Wednesday morning -- passing the $900 mark for the first time -- ahead of its developers conference known as Google I/O, leading the res...

  5. TECH STOCKS: Microsoft, Yahoo Lead Slate Of Tech Gains

    Gains from the likes of Microsoft Corp. and Yahoo Inc. stood out on a largely upbeat day for tech stocks Tuesday, but BlackBerry Inc. and Nokia Corp. failed to join ...

  6. TECH STOCKS: Yahoo Leads Techs Up; BlackBerry, Nokia Fall

    Tech stocks gained more ground by early Tuesday afternoon, despite notable drops at BlackBerry Inc. and Nokia Corp. after those companies announced new smartphone de...

  7. TECH STOCKS: Tech Stocks Rise; Yahoo Price Target Raised

    Tech stocks were mostly higher in early trading Tuesday, with Yahoo Inc. among gainers as another Wall Street analyst raised his price target on the Internet company...

  8. TECH STOCKS: Dell, Nvidia, Priceline Lift Tech Stocks

    Dell Inc. picked up gains Friday following an alternative deal proposal backed by Carl Icahn, as strong post-earnings gains from Nvidia Corp. and Priceline.com Inc. ...

  9. TECH STOCKS: Facebook, Yelp Spur Tech Gains; Intel Rises

    Positive reaction to the earnings results from Facebook Inc. and Yelp Inc. led gains across the tech sector on Thursday, while Intel shares also advanced as the chip...

  10. TECH STOCKS: Facebook, Yelp Spur Tech Gains; Intel Slips

    Upbeat reaction to the earnings results from Facebook Inc. and Yelp Inc. led gains across the tech sector on Thursday morning, while Intel shares slipped after the c...

  11. TECH STOCKS: Apple Leads Techs Down; AMD Gets Late Spike

    Tech stocks closed well in the red on Wednesday, as the latest Fed statement drove the markets down further, and large-cap techs such as Apple, IBM and Amazon.com sa...

  12. TECH STOCKS: Apple Leads Techs Down; Facebook, Yelp Slip

    Tech stocks remained generally in the red Wednesday following the latest statement by the U.S. Federal Reserve, with Apple among the leading, large-cap decliners as ...

  1. TECH STOCKS: Salesforce.com, Google Hit Tech Stocks

    A sharp drop at Salesforce.com sparked a slump across the stocks of other corporate-software vendors on Friday and led the broader tech sector into the red late Frid...

  2. TECH STOCKS: Yahoo's Deal For Tumblr Heads Tech's Day

    Yahoo Inc. took the tech-sector spotlight Monday, with its $1.1 billion acquisition of blogging-service operator Tumblr seen as a potential gamble by Chief Executive...

  3. TECH STOCKS: Yahoo Shares Edge Up After Tumblr Deal

    Yahoo Inc.'s $1.1 billion acquisition of blogging-service operator Tumblr claimed the tech sector's spotlight on Monday, with the deal seen as a potential gamble by ...

  4. TECH STOCKS: Tableau, Marketo IPOs Stand Out In Tech Stocks

    It was IPO Friday for the tech sector, as enthusiasm for the public debuts of Tableau Software Inc. and Marketo Inc. reached lofty levels, and Facebook Inc. managed ...

  5. TECH STOCKS: Facebook, Two IPOs Stand Out For Tech Stocks

    Tech stocks mostly held on to gains in afternoon trading Friday, with Facebook Inc. edging upward on its one-year anniversary of going public and two other tech comp...

  6. TECH STOCKS: Facebook Among Tech Gainers On IPO Anniversary

    Tech stocks showed strength in Friday's trading session, with several bellwethers rising and Facebook Inc. gaining ground on its one-year anniversary of becoming a p...

  7. TECH STOCKS: Cisco Surge Fails To Sustain Tech Rally

    Tech stocks failed to sustain an earlier rally by Thursday's closing bell, though Cisco Systems ended the day with its best session in nearly two years.The Nasdaq Co...

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