Midday tech: Holding fire ahead of Fed

Five9

13/12/2023 17:01

The Nasdaq 100 Technology Index  .NDXT  was little changed at
9,185.0 points, hovering near a two-year high ahead of the U.S.
Federal Reserve's much-anticipated monetary policy decision.
    The gains were largely in line with the broader markets,
with the benchmark S&P 500  .SPX  up 0.1%
     
    
    TOP TECH NEWS
    ** Tesla  TSLA.O  down 2.9% at $230 - Recalls just over 2
million vehicles in the United States fitted with its Autopilot
advanced driver-assistance system to install new safeguards,
after a safety regulator said the system posed safety concerns
    ** Alphabet  GOOGL.O  down 0.3% at $132.14 - Says it is
making a version of its most advanced artificial intelligence
model called Gemini, available to developers immediately as well
as reducing costs
    ** Walt Disney  DIS.N  up 0.4% at $91.43 - Entertainment
company and Indian billionaire Mukesh Ambani's Reliance
Industries  RELI.NS  are discussing a plan to hold next-stage
talks about their India media business merger in London next
week, two people familiar with the matter said    
    
    TECH STOCKS TO WATCH
    ** Adobe Inc  ADBE.O  down 2.0% at $621.20 - Co reports
fourth-quarter earnings after markets close on Wednesday
    ** Take-Two Interactive Software  TTWO.O  up 3.0% at $161.79
- Co to be included in the Nasdaq 100 index, likely boosting its
visibility and appeal to investors
    ** Roblox  RBLX.O  1.2% at $42.56 - Wells Fargo starts
coverage with 'overweight' rating as it expects its recent
expansion into the ad business becoming a significant earnings
stream over time
    
    #MEMEWATCH - TOP TRENDING, ACCORDING TO STOCKTWITS.COM
    ** Broadcom  AVGO.O  up 1.3% at $1,085.46 - An investor's
post on X suggests the stock has generated the highest return
relative to the other investments since its inclusion in their
portfolio 
    ** Twilio  TWLO.N  down 0.2% at $71.01 - Posts on X point to
media report company has hired Qatalyst to advise on defense
against activist investor group 
    ** Netflix  NFLX.O  up 2.1% at $473 - Co says it will have
86 games available by the end of the year, and have nearly 90
more games in development 

 (Reporting by Sruthi Shankar and Medha Singh in Bengaluru)
 ((sruthi.shankar@thomsonreuters.com;))