S&P Info Tech Sector trading -0.22% behind the broader market The tech sector is trading lower today, just behind gains in the broader market. Semiconductors are showing relative weakness as well with the SOX trading 0.5% lower. Within the chip index, WFR (-3.0%) is a notable laggard. Among other major indices, the SPY is trading 0.1% higher today, while the QQQ is down 0.1% and the NASDAQ is trading flat on the session. Among tech bellwethers, VZ (+0.7%) is showing notable strength, while INTC (-1.3%) is under pressure.

In tech earnings last night, WDAY (-1.0%) posted a beat and issued inline guidance and AMBA (+13.2%) posted a solid beat, while FNSR (-5.7%) reported a slight beat and issued inline guidance. Also TXN (-0.8%) raised Q1 guidance in its mid qtr update. In news, NXPI (-2.4%) announced a 25 mln share secondary. Elsewhere, there are reports out indicate BBRY (+0.5%) Z10 wll be sold with T (+0.6%) starting Mar 22. Among notable analyst upgrades this morning in the tech space, FENG (+1.8%) was upgraded to Buy at Deutsche Bank. Also, IFNNY (+4.3%) was added to Conviction Buy list at Goldman. Among downgrades, AVG (-8.9%) was downgraded to Mkt Perform at JMP. There are no notable names in tech set to report after the close.

Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond, and world FX market participants.

Read more Story Stocks articles