Technology

Technology Sector Update for 12/29/2016: AAPL,MARK,SPCB

Top Tech Stocks

MSFT -0.13%

AAPL -0.05%

IBM +0.25%

CSCO +0.13%

GOOG -0.23%

Technology stocks were finishing little changed Thursday, with shares of tech companies in the S&P 500 climbing less than 0.1%.

In company news, Apple ( AAPL ) has been trending lower during Thursday trading amid more signs its wireless AirPod earphones remain a tough order for the tech giant to fill.

A check by Barron's yesterday afternoon showed only one U.S. store - in Bridgewater, N.J. - had any AirPods in stock. Customers buying through the Apple.com website have a six-week wait for delivery, the magazine said.

Separately, government officials in India reportedly will meet early next week to evaluate incentives sought by Apple to manufacture its products in the country, according to the Wall Street Journal.

AAPL shares were down about 0.1% at $116.68 each in late Thursday trade, falling back from a 0.3% gain this morning and keeping the stock within relatively close range of its intra-day low of $116.40 a share.

In other sector news,

(+) MARK, Selected by Alibaba Cloud to provide artificial intelligence technologies to the cloud computing arm of the online retailers' developer network.

(-) SPCB, Safend subsidiary reports Q4 bookings total over $1.35 mln.

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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