Thursday, December 18, 2008

Tumbled into the red on news from Apple

Apple led the tech sector down after Tuesday's announcement that beginning in 2010, the company will no longer take part in the annual gathering in San Francisco. Many major tech players were in the red. Adobe Systems was down 2% after posting gains earlier in the day on the software maker's fourth-quarter results that met lowered expectations. Technically, the tech sector tries to find support at the 50-Day moving average.
Current (1:00 am ET) NASDAQ Futures: 0.00 1228.50