By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Technology stocks retreated
Friday as the Nasdaq Composite Index slipped below 4,000 in a broad
selloff.
Yahoo (YHOO) shed 1.6% to close at $32.87, while Twitter (TWTR)
gave up 3.1% to close at $40.05, setting the pace for a retreat
that saw the Nasdaq (RIXF) slip 1.3% to close at 3,999.7. The
benchmark ended the week down 3.1%.
The Morgan Stanley High Tech 35 Index(MSH) and the Philadelphia
Semiconductor Index (SOX) were each off more than 1%.
Other major tech issues also posted losses. Apple Inc.(AAPL) was
down 0.7% to close at $519.61, while Netflix Inc. (NFLX) dropped
2.4% to close at $326.71 and Amazon.com (AMZN) gave up 1.7% to
close at $311.73.
Shares of Zynga Inc. (ZNGA) were up early in the session, but
ended the session flat at $4.07. The social gaming company got a
boost from Sterne Agee analyst Arvind Bhatia who told clients in a
note, "We see potential for Zynga to report bookings at or above
the upper end of management's first quarter guidance and think the
stock could react positively."
He also pointed signs of "a sequential increase in overall
traffic for Zynga in the first quarter of 2014 versus the fourth
quarter of 2013 -- a first in seven quarters."
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