Top Tech Stocks
Steep declines for Apple (
) are dragging the combined value of technology stocks in the
S&P 500 around 0.5% lower today.
In company news, Baidu Inc. (
) is up 5% at $147.60 a share, earlier climbing to a new 52-week
high of $148.25 after the Chinese search-engine company was
mentioned positively by Citigroup analysts who believe its efforts
to better monetize its search results may be advancing better than
The optimistic outlook also is lifting shares of peer search
firm Qihoo 360 Technology Co. Ltd. (
), rising nearly 2% to $91.41 each.
In other sector news,
(+) SNX, Agrees to buy IBM's (
) customer care outsourcing business for $505 million in cash and
(-) AAPL, Investor disappointment with the new iPhones is
followed by a slew of fresh analyst downgrades.
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