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Sector Update: Technology

By: MT Newswires
Posted: 10/28/2013 12:49:00 PM
Referenced Stocks: GOOG;MSFT;ORCL

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.