By Benjamin Pimentel
The tech sector edged lower early Thursday, as shares of
Amazon.com fell.
Amazon (AMZN) was down about 1.5% in early trading, as the
Nasdaq Composite Index (RIXF) dipped by about 0.3% to 2,166,
following Wednesday's strong gains.
But the tech-heavy benchmark was still up more than 1% for the
week, after Intel Corp.'s results triggered a wave of optimism in
the entire sector as the earnings season kicks off.
Three more tech heavyweights - IBM Corp., Google Inc. and
Advanced Micro Devices -- will report results Thursday. IBM (IBM)
shares were down about 0.9% early morning, while Google (GOOG) was
off 0.4% and AMD (AMD) lost 1.3%.
Intel (INTC) was mostly flat, but other chip giants were in the
red, including Texas Instruments (TXN) and SanDisk Corp. (SNDK).
Xilinx Inc. (XLNX) fell nearly 2% after posting a drop in quarterly
profit on Wednesday.
Other major tech players saw their shares decline, including
Dell Inc. (DELL), Cisco Systems (CSCO) and Apple Inc. (AAPL).
Meanwhile, Microsoft Corp. (MSFT), Nvidia Corp. (NVDA) and Adobe
Systems (ADBE) advanced.