Markets

Sector Update: Tech

Technology stocks were moderately lower Tuesday with shares of technology companies in the S&P 500 slipping about 0.7% this afternoon%.

In company news, Apple ( AAPL ) were set to finish Tuesday trading little changed, giving back nearly all of its earlier gains after the tech giant, as expected, introduced two new iPhone models and a so-called "smart" watch.

The company also announced the launch of its ApplePay payments service, intended to replace credit-card use for online purchases.

AAPL shares were up just 0.25% at $ in late trade, retreating from a session high of $103.08 a share just before the start of its 1 p.m. ET product event. The stock has traded within a 52-week range of $63.89 to $103.74 a share, rising nearly 37% over the past year.

In other sector news,

(+) IPAS, Announces plans to explore strategic alternatives to enhance shareholder value. Hires Blackstone Advisory Partners and Cooley LLP to assist with the process.

(-) FSNN , Signs exclusive agreement with Technology for Business Corp and will integrate Technology for Business' proprietary contact center and IVR software into its cloud services platform.

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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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