Technology

Technology Sector Update for 06/26/2017: GOOG,GOOGL,CAR,SPA,SSYS

Top Tech Stocks

MSFT -0.81%

AAPL -0.23%

IBM +0.71%

CSCO +0.61%

GOOG -1.37%

Technology stocks were the lone industry sector in the red today, with shares of tech companies in the S&P 500 sinking about 0.4% this afternoon.

In company news, Alphabet (GOOG,GOOGL) stumbled Monday, with shares of the technology conglomerate drifting near their session low of $952.36 apiece despite the Avis Budget Group ( CAR ) today confirming an agreement with Alphabet's Waymo unit to provide fleet support and maintenance services at its Avis and Budget Car rental locations for Waymo's self-driving car program.

The collaboration is expected to support an upcoming public trial of Waymo's self-driving cars in Phoenix, Ariz. Avis will make changes at selected rental facilities to accommodate Waymo's expected 600-car fleet and will also provide interior and exterior cleaning, oil changes, tire rotations and other routine maintenance.

In other sector news,

(+) SPA, Confirms discussions with Ultra Electronics about a potential acquisition, with the talks growing from the company's prior disclosure of a possible sale.

(-) SSYS, Cut to Sell from Neutral by analysts at Goldman Sachs.

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.


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

In This Story

SSYS GOOGL GOOG CAR

Other Topics

Commodities

Latest Technology Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More