SAN FRANCISCO (MarketWatch) - Technology stocks joined a broad market retreat Monday as investors reacted to a possible government shutdown and developments in Italy and China. The Nasdaq Composite Index (RIXF) shed 41 points, or 1.1%, to 3,740, as shares of Apple Inc. (AAPL) gave up 1.4%, while Facebook Inc. (FB) traded down 1.6% and Microsoft Corp. (MSFT) retreated 1.5%. The Philadelphia Semiconductor Index (SOX) was off 1.1% as Intel Corp. (INTC) and Texas Instruments (TXN) fell about 1%. The Dow Jones Industrial Average (DJI) was down 151 points as the budget impasse in Washington continued and by political worries in Italy and downbeat economic data from China.
-Benjamin Pimentel; 415-439-6400; AskNewswires@dowjones.com
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(END) Dow Jones Newswires
09-30-13 0943ETCopyright (c) 2013 Dow Jones & Company, Inc.
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