Technology

Technology Sector Update for 01/02/2019: SFET, GOOG, GOOGL, BIDU, MSFT, AAPL, IBM, CSCO

Top Technology Stocks:

MSFT: -2.36%

AAPL: -2.12%

IBM: -1.24%

CSCO: -2.58%

GOOGL -2.29%

Technology stocks were dropping in Wednesday's pre-bell trade.

Stocks moving on news include:

(+) Safe-T ( SFET ), which was up over 11% after the provider of software-defined security solutions for the hybrid cloud said it has received orders from its first customers in Cyprus and Serbia.

In other sector news:

(-) Alphabet ( GOOGL ) was more than 2% lower after a Reuters report that Google obtained approval from the US Federal Communications Commission to deploy its radar-based motion sensing device known as Project Soli.

(-) Baidu ( BIDU ) was down almost 2% as it posted a yearly increase in revenue in 2018 amid tense trade relations between China and the US, but the CEO of the search engine company has warned of the ill effects of China's economic slowdown.

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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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