By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Shares of Apple and semiconductor
companies slipped, weighing down the tech sector Friday, even as
Groupon and Hewlett-Packard rallied.
Apple (AAPL) was off 0.6% as the company's new iPad Air hit the
stores. Chip stocks also retreated, led by Intel Corp.(INTC), Texas
Instruments (TXN), Advanced Micro Devices(AMD) and SanDisk
(SNDK).
On the upside, H-P (HPQ) rose more than 4%, while Groupon (GRPN)
jumped 7%.
Groupon unveiled a revamped website in a bid to transition from
being mainly an online daily deals site to an online market place.
The company also introduced updated versions of its smartphone
apps.
Shares of Facebook (FB) gained 0.5% as the social network
continued to recover from steep loses following its third-quarter
report on Wednesday. Facebook blew past Wall Street estimates, but
then rattled investors with comments about signs of declining teen
usage and its plan not to ramp up newsfeed ads.
The Nasdaq Composite Index (RIXF) was down 0.2% to 3,913. The
benchmark was down 0.8% for the week. The Morgan Stanley High Tech
35 Index (MSH) and the Philadelphia Semiconductor Index(SOX) were
also each down a fraction.
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