Technology Sector Update for 10/16/2019: TECD, MSFT, AAPL, IBM, CSCO, GOOG

Top Technology Stocks:

MSFT: -0.58%

AAPL: -0.32%

IBM: -0.04%

CSCO: Flat

GOOG: -0.08%

Top technology stocks were trading flat to lower pre-bell Wednesday.

Early movers include:

(+) Tech Data (TECD), which was up 11% after a Reuters report said Apollo Global Management (APO) has offered to acquire the Florida-based distributor of IT products and services, for nearly $5 billion.

(-) Pinterest (PINS), was down almost 2% after a Bloomberg News report on Wednesday said the company's shares owned by an unnamed pre-IPO shareholder were put up for sale in block trade by Goldman Sachs (GS).

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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