Technology

Technology Sector Update for 12/18/2017: MSFT, AAPL, IBM, CSCO, GOOG, AKAM, VIPS, JD, FB, ORCL, ACX.AX

Top Technology Stocks:

MSFT: +0.6%

AAPL: +0.6%

IBM: +0.6%

CSCO: +0.7%

GOOG: +0.6%

Technology shares were higher in pre-market trading on Monday.

Expected movers:

- Akamai Technologies ( AKAM ): gets upgrade from Credit Suisse to Outperform from Neutral

- Vipshop ( VIPS ): JD.com ( JD ) and Tencent form strategic alliance to invest combined $863 million into company

Other news:

- Facebook ( FB ): demotes 'engagement bait' posts

News from overseas:

- Aconex (ACX.AX): gained more than 40% in Australian trading after agreeing to be bought by Oracle ( ORCL ) for $1.2 billion.

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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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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