Large-cap technology stocks fade in late-afternoon trading

Ian Lamont — Wed, 08 Oct 2008 13:15:19 -0700

Large U.S.-listed technology stocks were hurt in a late-afternoon selloff on Wednesday. Even though the Nasdaq declined less than 1% and the Nasdaq Internet Index rose slightly, a small group of Internet, software and hardware companies with large market capitalizations saw significant declines. Yahoo and IBM both lost more than 5% after negative analyst commentary. Google also continued its downward trajectory, closing below $340. Microsoft was down nearly 1%.

However, there were a few bright spots: eBay climbed more than 3% after an analyst's upgrade. Intel rose nearly 1.5%, and Apple also gained back some ground, although not enough to break the $90 mark.

Source: Google Finance

Large-cap technology stocks fade in late-afternoon trading

Ian Lamont — Wed, 08 Oct 2008 13:15:19 -0700

Source: Google Finance