“Technology stocks put in a weak performance Tuesday as the sector dealt with broad market concerns about figures on consumer confidence and the U.S. economy,” Rex Crum reports for MarketWatch.
“The Conference Board released figures showed the consumer confidence index fell in August to 105 from 111.9 in July. The decline was the largest since shortly after Hurricane Katrina in September 2005,” Crum reports.
“The tech sector reacted negatively, with the tech-heavy Nasdaq Composite Index falling 23 points to 2,538,” Crum reports. “Bellwether tech stocks in the red included Apple Inc. (AAPL: 129.37, -2.88, -2.2%), Texas Instruments Inc. (TXN: 33.83, -0.63, -1.8%), IBM Corp. (IBM: 113.17, -0.27, -0.2%), Dell Inc. (DELL: 27.36, -0.23, -0.9%) and Microsoft Corp. (MSFT: 28.26, -0.23, -0.8%),” Crum reports.
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