Priceline, Alibaba Highlight Mixed Tech Action

MarketWatch Pulse

Tech stocks were mixed in early trading Tuesday, with several big-name Internet sector leaders in the spotlight. Online travel agency Priceline.com Inc. fell 7% to $1,113 a share after the company forecast weaker-than-expected fourth-quarter results due to concerns over the economy in Europe. Chinese Internet giant Alibaba Group rose almost 2% following its first earnings report since going public. Online coupon and deal provider RetailMeNot Inc. slid almost 28% to $14.77 a share after the company gave a disappointing fourth-quarter forecast and its chief financial officer said he will resign at the end of November. The tech-heavy Nasdaq Composite Index fell 9 points to 4,630.

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