Sector Update: Technology

By Staff,

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Technology stocks are narrowly higher, with shares of technology companies in the S&P 500 rising 0.1%.

In company news, Google ( GOOG ) is holding a 0.6% gain at $1,021.23 a share after Dow Jones Newswires said the European Union is giving its rivals four weeks to review the search giant's latest proposals to address antitrust concerns.

The report adds that EU Competition Commissioner Joaquin Almunia said he hoped to reach a decision on a settlement to the investigation, which started nearly three years ago, by next spring.

GOOG shares are up 0.3% at $1,018.28.

In other sector news,

(+) FIO, (+15.9%) Announced new updates to its Fusion ION data accelerator all-flash shared storage systems, adding an additional flash-based tier for companies using Microsoft ( MSFT ) and Oracle ( ORCL ) SQL servers.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: GOOG , MSFT , ORCL

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