Apple Gains, IBM Losses Highlight Tech Trading Action

Tech stocks mostly rose Monday, with Apple Inc. among the advancers. Apple shares rose 1% to $98.71 ahead of the company's earnings results, due after the market close. Other gains came from Micron Technology Inc. , Twitter Inc. and Netflix Inc. . IBM Corp. was a big loser, as its shares fell more than 7% to $169, after the tech-services giant reported disappointing third-quarter results prior to the start of trading. IBM also said it was selling it semiconductor business to Globalfoundries Inc. for $1.5 billion. The tech-heavy Nasdaq Composite Index rose 12 points to 4,270.