Technology Sector Update for 06/27/2019: MSFT, AAPL, IBM, CSCO, GOOG, SBGI, FB, ACN

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Top Technology Stocks:

MSFT: +0.31%

AAPL: +0.38%

IBM: +0.28%

CSCO: +0.42%

GOOG: Flat

Leading technology stocks were mostly higher in Thursday's pre-bell trading.

Early movers include:

(-) Sinclair Broadcast Group ( SBGI ), which was down more than 1.5% on reports that the Federal Communications Commission is launching an investigation into Sinclair over its failed bid to acquire Tribune Media ( TRCO ) and whether it misled the regulator about who would actually be controlling the stations it was divesting as part of the transaction.

(+) Facebook ( FB ) was up 0.9% as its photo and video-sharing app Instagram, said Wednesday it is planning to put ads on its Explore page, a move the company said will expand revenue opportunities for the social networking site.

(-) Accenture ( ACN ) was down around 2% after reporting pre-market Thursday fiscal Q3 diluted earnings of $1.93 per share compared with $1.60 per share in the prior-year period. Analysts polled by Capital IQ were expecting EPS of $1.89.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Technology , Commodities
Referenced Symbols: SBGI , TRCO , FB , ACN , MSFT

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