“Technology stocks were mostly lower Monday as shares of Yahoo Inc. slipped on a Bernstein Research downgrade,” Benjamin Pimentel reports for MarketWatch. “Meanwhile, shares of Apple struggled to stay in positive territory.”
“After rising earlier in the session, the stock slipped nearly 1% to $522.80 after the company said its AppStore has recorded more than 40 billion downloads,” Pimentel reports. “Shares of Amazon.com gained 3% to $267.07. The stock reached an all-time high of $269.30. Morgan Stanley upgraded the stock to overweight, arguing that the company is poised to gain more [Gross Merchandise Volume (GMV)] market share.”
Pimentel reports, “Also posting solid gains were shares of Facebook Inc.”
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