TECH STOCKS: Apple, Applied Materials Rise; Twitter, Facebook Fall

By Dow Jones Business News, 
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By Benjamin Pimentel, MarketWatch

SAN FRANCISCO (MarketWatch) -- Technology stocks were mostly lower Monday, as shares of Twitter Inc. and Facebook slipped, while rising shares of Applied Materials and Apple Inc. helped the sector.

Applied ( AMAT ) was up 0.7% to close at $22.96 as D.A. Davidson & Co. offered an upbeat view of the semiconductor capital equipment sector. D.A. Davidson analyst Thomas Diffely pointed to signs of improved demand among segments of the semiconductor industry for chip-making equipment.

Shares of Apple ( AAPL ) were ahead by 2.1% to close at $95.97. Cantor Fitzgerald analyst Brian White said data from Apple's suppliers point to strong sales in June ahead of the much-awaited rollout of the iPhone 6 and the iWatch, Apple's smartwatch, which analysts believe will be unveiled in the coming months. (Related: Apple gets back-handed praise over the iPhone...and iWatch possibility)

But the tech sector was weighed down by declining shares of Intel Corp. ( INTC ), which was off 0.4%. Twitter Inc. (TWTR) slipped 2.7%, while Amazon.com ( AMZN ) gave up 1.2% and Facebook ( FB ) shed 1.5%.

The Nasdaq Composite Index (RIXF) was down 0.8% to close at 4,451. The Morgan Stanley High Tech 35 Index (MSH) and the Philadelphia Semiconductor Index (SOX) were each down a fraction of a percentage point.

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This article appears in: Commodities

Referenced Stocks: AAPL , AMAT , AMZN , FB , INTC

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