Technology Sector Update for 01/10/2019: AMD,TWTR,T,DELL

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Top Tech Stocks

MSFT -1.46%

AAPL -0.50%

IBM +0.21%

CSCO -1.20%

GOOG -1.12%

Technology stocks were trimming their early losses Thursday afternoon, with the shares of tech stocks in the S&P 500 pulling to within 0.3% of their break-even mark, while the Philadelphia Semiconductor Index was rising 0.1%.

Among technology stocks moving on news:

(-) Advanced Micro Devices ( AMD ) was down 4.5% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate net income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.

In other sector news:

(+) Twitter ( TWTR ) was hanging onto a 1% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Thursday announced a live-streaming agreement with the micro-blogging platform company. Financial details were not disclosed.

(-) Dell Technologies ( DELL ) was down about 3.5% Thursday afternoon. BMO started coverage of the server and networking equipment company with a market perform rating and a $48 price target.

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

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This article appears in: Technology , Commodities
Referenced Symbols: AMD , T , DELL , TWTR

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