“Technology joined in a broad-market decline in early trading Friday that was spurred on by the U.S. unemployment rate rising to 5% in December. Semiconductor giant Intel Corp. (INTC: 23.23, -1.44, -5.8%) was one of the big losers, as its shares fell $1.27, or more than 5%, to $23.40 after J.P. Morgan cut its rating on the stock to neutral from overweight. It was the second time Intel’s stock had been downgraded this week,” Rex Crum reports for MarketWatch.
“Other decliners included Dell Inc. (DELL: 22.44, -1.27, -5.4%) , Apple Inc. (AAPL: 190.02, -4.91, -2.5%) , Texas Instruments Inc. (TXN: 30.91, -0.73, -2.3%) and Microsoft Corp. (MSFT: 34.99, -0.38, -1.1%) . The tech-heavy Nasdaq Composite Index fell more than 45 points to 2,556,” Crum reports.
Full article with updating quotes here.
