Technology Shares Mixed in Late-Session Trading

Strategic Insights -

Microsoft is seeking to integrate its Windows Phone 7 software with its Xbox gaming console, while Netflix is benefiting from a partnership with Qualcomm, which will allow Android devices to stream NFLX movies and TV shows. The Dow Jones U.S. Technology Index is up 1.39 points, or 0.19%, to 716.94. Microsoft shares are down 0.68%, or $0.18, to $27.07, while Netflix is up 6.26% to $245.48.

Key Takeaways:

  • Microsoft is working to integrate its Windows Phone 7 software with its Xbox gaming console, a move that could enhance user experience.
  • Netflix is benefiting from a partnership with Qualcomm, which will allow Android devices to stream NFLX movies and TV shows, improving picture quality and extending battery life.
  • The Dow Jones U.S. Technology Index is up 1.39 points, or 0.19%, to 716.94, indicating a moderate rise in technology shares.
  • Microsoft shares are down 0.68%, or $0.18, to $27.07, indicating a slight decline in Microsoft stock.
  • Netflix shares are up 6.26% to $245.48, indicating a significant increase in Netflix stock.
  • Qualcomm shares are up 1.28% to $58.33, indicating a moderate rise in Qualcomm stock.
  • The PowerShares QQQ ETF (QQQQ) is up 0.19% to $58.55, indicating a moderate rise in technology ETFs.
  • MSFT: -0.6% AAPL: +0.6% IBM: -0.4% CSCO: +0.6% GOOG: +0.7% are technology stocks that are experiencing mixed results in late-session trading.

Statistics:

  • The Dow Jones U.S. Technology Index is up 1.39 points, or 0.19%, to 716.94.
  • Microsoft shares are down 0.68%, or $0.18, to $27.07.
  • Netflix shares are up 6.26% to $245.48.
  • Qualcomm shares are up 1.28% to $58.33.
  • The PowerShares QQQ ETF (QQQQ) is up 0.19% to $58.55.
  • MSFT stock is down 0.6%.

Sources:

  • MidnightTrader via COMTEX
  • Associated Press
  • Comtex News Network, Inc.
  • mysmartrend.com