By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Google, Facebook and Twitter led
technology stocks lower on Tuesday, joining a broader market
retreat, while shares of Groupon Inc. cling to a small gain after
rallying earlier in the session on a B. Riley upgrade.
B. Riley raised Groupon's (GRPN)rating to buy from neutral,
citing potential gains from the online daily deals site's recent
initiatives, including a bigger marketing push.
Twitter Inc. (TWTR) fell 6% in early trades, while Google
(GOOGL) and Facebook (FB) were each down more than 2%.
The Nasdaq Composite Index (RIXF) shed 1.3% to 4,394, as the Dow
Jones Industrial Average (DJI) shed more than 100 points.
The tech sector also was weighed down by losses in shares of
Hewlett-Packard (HPQ) and Apple Inc.(AAPL), each down nearly
1%.
More must-read stories from MarketWatch:
5 states with the most (and fewest) foreclosures
Say hello to U.S. economy's newest bubble
Subscribe to WSJ: http://online.wsj.com?mod=djnwires