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Technology Sector Update for 01/16/2018: MSFT, AAPL, IBM, CSCO, GOOG, INFO, DLB

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Top Technology Stocks:

MSFT: +0.8%

AAPL: +0.7%

IBM: +1.5%

CSCO: +0.7%

GOOG: +0.9%

Technology shares were higher in pre-market trading on Tuesday.

Expected movers:

– International Business Machines ( IBM ): sets up joint venture with A.P. Moller – Maersk using blockchain technology in global trade

– IHS Markit ( INFO ): fiscal Q4 EPS, revenue top views; sees 2018 revenue straddling consensus

Other news:

– Dolby Laboratories ( DLB ): downgraded at B. Riley to Neutral from Buy with $63 price target

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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