Shares in more than half of 10 large technology companies based in Silicon Valley lost ground Monday as the technology-heavy Nasdaq composite index shed 14.42 points to close at 2,275.82.
Google, Intel, Sun Microsystems, AMD, Yahoo and Cisco all slipped slightly. Shares of Apple, Oracle, Hewlett-Packard and eBay saw small gains.
The Dow Jones industrial averaged finished a day of quiet trading at 12,302.06, a decline of 23.36 points. The Standard & Poor’s 500 index fell 4.51 to 1,328.32.
Google’s stock closed Monday at $451.66, off $5.79. Google’s shares stood at $691.48 at the end of 2007.
Intel lost $0.55 per share on Monday, closing at $20.69. Intel’s stock finished 2007 at $26.66.
Sun Microsystem’s shares lost $0.04 Monday, closing at $15.17. Sun’s shares closed at $18.13 on Dec. 31, 2007.
AMD closed at $5.86 Monday, off $0.15, compared with $7.50 at year-end 2007.
Yahoo, which is trying to fend off an unwanted takeover bid from Microsoft, slipped by $0.54, closing at $27.80. Yahoo shares finished 2007 at $23.26.
Cisco Systems dipped slightly Monday, losing $0.07 to close at $23.31, compared with $27.07 on Dec. 31, 2007.
Among gainers Monday Apple rose by $0.64, closing at $147.78, compared with $198.08 at year-end 2007. Oracle was up by $0.02, finishing the day at $19.86, compared with $22.58 at year-end.
Hewlett-Packard was up $0.38 to $45.85. HP’s stock finished 2007 at $50.48.
EBay closed Monday at $31.37, a gain of $0.50. EBay’s shares stood at $33.19 at the end of 2007.