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

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Top Tech Stocks

MSFT -0.94%

AAPL +0.06%

IBM +0.58%

CSCO -0.55%

GOOG -0.51%

Technology stocks were edging higher in late trade, with the shares of tech stocks in the S&P 500 rising slightly more than 0.1% while the Philadelphia Semiconductor Index have pushed to an over 0.9% advance.

Among technology stocks moving on news:

(+) Taiwan Semiconductor Manufacturing ( TSM ) was about 2% higher in late Thursday trading after the chipmaker reported December revenue of NTD89.83 billion, or about $2.92 billion, down 0.1% from NTD89.90 billion in sales during December 2017.

In other sector news:

(+) Twitter ( TWTR ) was hanging onto a more than 2% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Wednesday announced a live-streaming agreement with the micro-blogging platform company. Financial details were not disclosed.

(-) Advanced Micro Devices ( AMD ) was down more than 2% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.

(-) Dell Technologies ( DELL ) fell almost 3% 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: TSM , T , AMD , DELL , TWTR

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