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11:18 AM Eastern Daylight Time, 03/15/2010 (MidnightTrader) — Dow Jones U.S. Technology Index (DJUSTC): -3.22, (-0.54%), to 594.82
Top Technology Stocks
MSFT: -0.14%
AAPL: -1.43%
IBM: +0.16%
CSCO: +0.23%
GOOG: -2.94%
Technology shares are mostly lower in Monday trading after reports indicated that Google (GOOG) would shutter its Web presence in China amid heated tensions between the two.
The Dow Jones U.S. Technology Index was down 3.22, or 0.54, to 594.82.
Google shares faltered in Monday trade, falling 3.93%, to $556.88 as the company engaged in a showdown with China over censored search results. Google has been embroiled in controversy with the Communist nation ever since the company said it would stop censoring search results in the country, which the Chinese government requires.
The company said that it is continuing discussions with the Chinese government about censorship of its Web site, but advertisers with the company are already being advised by industry insiders to switch to rival companies such as Baidu Inc (BIDU).
Meanwhile, Apple Inc. (AAPL) was down $4.42, or 1.95%, to $222.21 as reports surfaced that the company took as many as 152,000 orders for its new iPad touchscreen computer.
The Nasdaq Composite Index fell almost 13 points to 2,355, while the Philadalphia Semiconductor Index was off by 1.58%.
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