business newsMidday Nasdaq Falls on Apple, Google
By
Jonah Loeb Oct 08, 2012 2:40 pm
Netflix gets an upgrade, though, and jumps like Jordan.
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MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) fell 0.84% to 3,110.26 as of 2:30 p.m. EDT today despite strong performances from a few individual stocks on a particularly weak day for the tech sector.
Facebook (NASDAQ:FB) was the volume leader, trading down 2.08% to $20.48 on 24,198,226 shares traded after an analyst downgrade. Netflix (NASDAQ:NFLX), on the other hand, got an upgrade from analysts and rose 10.43% to $73.50.
Apple (NASDAQ:AAPL) slumped 1.97% to $639.99 as investor confidence dipped after commentators raised questions about the market viability of the iPad Mini. Auction site eBay (NASDAQ:EBAY) dropped 2.34% to $47.58 despite announcing plans to add Geek Squad support from Best Buy (NYSE:BBY) for its customers.
Things continued to improve, though, for skyrocketing tech company Vringo (NYSEAMEX:VRNG), though, which rose 20.70% to $5.48 after announcing yet another high-profile lawsuit, this time against Chinese giant ZTE (PINK:ZTCOY). The little company made headlines earlier this year by suing Google (NASDAQ:GOOG), which fell 1.62% to $755.18 on low volume.
Facebook (NASDAQ:FB) was the volume leader, trading down 2.08% to $20.48 on 24,198,226 shares traded after an analyst downgrade. Netflix (NASDAQ:NFLX), on the other hand, got an upgrade from analysts and rose 10.43% to $73.50.
Apple (NASDAQ:AAPL) slumped 1.97% to $639.99 as investor confidence dipped after commentators raised questions about the market viability of the iPad Mini. Auction site eBay (NASDAQ:EBAY) dropped 2.34% to $47.58 despite announcing plans to add Geek Squad support from Best Buy (NYSE:BBY) for its customers.
Things continued to improve, though, for skyrocketing tech company Vringo (NYSEAMEX:VRNG), though, which rose 20.70% to $5.48 after announcing yet another high-profile lawsuit, this time against Chinese giant ZTE (PINK:ZTCOY). The little company made headlines earlier this year by suing Google (NASDAQ:GOOG), which fell 1.62% to $755.18 on low volume.
No positions in stocks mentioned.
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