By Dow Jones Business News,
July 07, 2014, 04:26:00 PM EDT
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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