Apple, LinkedIn lead tech retreat
SAN FRANCISCO (MarketWatch) — Technology stocks were mostly lower Thursday as the group joined a broad market retreat on new worries about the European economy.
Apple (NASDAQ:AAPL) and LinkedIn (NYSE:LNKD) highlighted the tech retreat. Apple gave up 0.4% to close at $95.03, while LinkedIn fell 2% to close at $156.31.
The Nasdaq Composite Index (NASDAQ:COMP) shed 0.5% to close at 4,396, while the Dow Jones Industrial Average (DJI:DJIA) fell 71 points as Wall Street reacted to news that a major bank in Portugal has decided to delay a debt repayment.
Also in the red were shares of Google Inc. (NASDAQ:GOOG) , Facebook Inc. (NASDAQ:FB) and Twitter Inc. (NYSE:TWTR) , each down a fraction.
Shares of eBay Inc. (NASDAQ:EBAY) retreated 1.2% to close at $50.34, while Micron Technology (NASDAQ:MU) slipped 0.4% to close at $32.77.
On the upside, shares of Microsoft Corp. (NASDAQ:MSFT) edged higher by a fraction to close at $41.69 and Intel Corp. (NASDAQ:INTC) climbed 1.2% to close at $31.26. Shares of Zynga Inc. (NASDAQ:ZNGA) climbed 3.7% to close at $3.12.
