Apple and Google lead a tech sector retreat as the Nasdaq Composite Index slipped back below 4,000.Apple shed 1.3%, while Google was down 1.4% and Facebook gave up 2.6%. Shares of Yahoo were also in the red, down a fraction ahead of the Web portal’s earnings report due after the closing bell.
Intel was down 0.4%. The chipmaker was also scheduled to report after the market closes on Tuesday.
Shares of Cisco Systems and IBM each gave up about 1%, joining the top decliners on the Dow Jones Industrial Average which was down 26 points.
The Nasdaq Composite Index fell 35 points, or 1%, to 3,989. The Morgan Stanley High Tech 35 Index and the Philadelphia Semiconductor Index were each down nearly 1%.On the upside, shares of Microsoft Corp and Twitter were each up a fraction.
Intel was down 0.4%. The chipmaker was also scheduled to report after the market closes on Tuesday.
Shares of Cisco Systems and IBM each gave up about 1%, joining the top decliners on the Dow Jones Industrial Average which was down 26 points.
The Nasdaq Composite Index fell 35 points, or 1%, to 3,989. The Morgan Stanley High Tech 35 Index and the Philadelphia Semiconductor Index were each down nearly 1%.On the upside, shares of Microsoft Corp and Twitter were each up a fraction.