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Tickers in this Article: TIBX, WDC, PAY, RHT, STX, MDSO, SFUN
Currently, the Nasdaq has decreased 1%, the S&P 500 is trading down 0.1% and the Dow has climbed 0.2%. The technology sector is a category of stocks relating to the research, development and/or distribution of technologically based goods and services. This sector contains businesses revolving around the manufacturing of electronics, creation of software, computers or products and services relating to information technology. The technology sector offers a wide arrange of products and services for both customers and other businesses. Consumer goods like personal computers, stereos and televisions are continually improved and upgraded, offering the latest technology to all users. Businesses receive information and services from software and database systems, which allow the companies to make strategic business decisions.

The biggest movers in the Technology sector (XLK) (+1%) are:
CompanyMarket CapPercentage Change
Tibco Software (Nasdaq:TIBX)$4.04 billion-21.6%
Western Digital (Nasdaq:WDC)$8.18 billion+6.4%
VeriFone Systems (NYSE:PAY)$3.26 billion+5.3%
Red Hat, Inc (NYSE:RHT)$9.47 billion-4.8%
Seagate (Nasdaq:STX)$9.99 billion+4.6%
Medidata Solutions (Nasdaq:MDSO)$975.8 million+3.9%
SouFun Holdings Limited (NYSE:SFUN)$1.75 billion+3.8%
Broker Summary: E-Trade Financial

After a precipitous drop of 21.6%, Tibco Software (Nasdaq:TIBX) is now trading at a share price of $19.38. The company is currently trading a volume of 11.4 million shares.

Western Digital (Nasdaq:WDC) has increased to a share price of $35.74, a 6.4% rise. At 4.2 million shares, the company's volume so far today is which is more trading activity than there was yesterday.

VeriFone Systems (NYSE:PAY) is up 5.3% to reach a current price of $31.85 per share. The company is currently trading a volume of 1.9 million shares. This is 1.4 times the average volume over the last three months.

Red Hat, Inc (NYSE:RHT) is currently trading at a share price of $46.67, a 4.8% decline. So far today, the company's volume is 1.8 million shares, 1.4 times the current daily average.

Seagate (Nasdaq:STX) has moved up 4.6% and is currently trading at $27.67 per share. This morning, the company is trading a volume of 5.9 million shares.

Medidata Solutions (Nasdaq:MDSO) has risen 3.9% to hit a current price of $39.13 per share. This morning, 174,897 shares have been traded, lighter than yesterday's volume of 738,098 shares.

SouFun Holdings Limited (NYSE:SFUN) is at $22.98 per share after an increase of 3.8%. So far today, 162,523 shares have changed hands. This is consistent with its current three-month average.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. Tools like valuation ratios and profit margins, however, are only as useful as the context you put them in; remember to take historical data and competitor performance into account.

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