SAN FRANCISCO (MarketWatch) - Shares of Apple Inc. and Micron Technology jumped to lift the tech sector onto positive territory, even as the group was weighed down by sliding shares of Microsoft Corp. and LinkedIn Corp. Apple (AAPL) was up 2.7% to $502.07 a day after sending media invites to a Sept. 10 event for what's expected to be the launch of the new iPhone. Micron (MU) shares jumped 6% to $14.85 on news of a major fire that forced rival Hynix Inc. to suspend operations at a factory in China. On the downside, shares of Microsoft (MSFT) slid 1.6% to $31.37 in the wake of its plan to acquire Nokia's devices and services businesses. LinkedIn (LNKD) also shed 1.5% to $242.51, a day after unveiling a $1 billion secondary public offering. The Nasdaq Composite Index (RIXF) was up a point at 3,614. The Philadelphia Semiconductor Index (SOX) was up 0.5%.
-Benjamin Pimentel; 415-439-6400; AskNewswires@dowjones.com
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(END) Dow Jones Newswires
09-04-13 1041ETCopyright (c) 2013 Dow Jones & Company, Inc.
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