Technology Sector Update for 04/15/2019: PHUN, LYFT, SAIC, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: +0.07%

AAPL: -0.16%

IBM: +0.07%

CSCO: +0.07%

GOOG: +0.09%

Most tech giants were rallying pre-market Monday.

Early movers include:

(+) Today Phunware (PHUN), which was nearly 24% higher after it signed a commercial agreement with intellectual property advisory firm Endpoint IP to monetize intellectual property for brands.

In other sector news:

(-) Lyft (LYFT) was over 1% lower as it removed several thousand electric bikes from service in its bike-share program in New York, Washington and San Francisco because of a braking problem.

(=) Science Applications International (SAIC) was unchanged after announcing that it was given a position on the Defense Threat Reduction Agency's (DTRA) IT service design $535 million indefinite-delivery, indefinite-quantity contract.

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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