Last Update: 28-Dec-12 10:02 ET
S&P Tech sector trading lower by 0.7%
Sector Summary: S&P Information Technology Index (-0.7%) trading higher today, ahead of the broader market The tech sector is trading lower today along with losses in the broader market. Semiconductors are showing relative strength, however, with the SOX trading only 0.4% lower. Within the chip index, WFR (+1.6%) is a notable standout. Among other major indices, the SPY is trading 0.6% lower today, while the QQQ and the NASDAQ are trading 0.5% lower on the session. Among tech bellwethers, FB (+2.7%) is under notable pressure. In tech earnings, CALL (+5.6%) guided Q4 revs above consensus. In news last night, SNCR (+4.3%) announced that it has acquired NewBay from RIMM (+1.5%) for $55.5 mln. Among rumors, AAPL (-1.0%) is developing a smart watch according to reports. Among analyst research this morning in the tech space, LSI (+0.7%) was initiated with a Buy at Wunderlich. There are no notable names in tech scheduled to report quarterly results today after the close.
Sector Summary: S&P Information Technology Index (-0.7%) trading higher today, ahead of the broader market The tech sector is trading lower today