AMD started at neutral with $11 stock price target at UBS

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Breaking

Tech sectors falls again, on track for worst month since Oct. 2012

The technology sector fell on Wednesday, extending a recent bout of weakness that has made it one of the worst-performing industry groups of March. The sector fell 0.7% and was on track for its fifth negative session of the past six, as well as its ninth down day of the past 12, although of those three positive sessions, just one of them was a rise of more than 0.1%. The industry has shed 6.1% thus far this month, and if it closes at current levels, March will represent the sector’s biggest monthly percentage slump since October 2012. Weighing on the sector on Wednesday was Apple Inc. , which fell 1.8%, and Alphabet Inc. , the parent company of Google, which lost 2%. Semiconductor stocks were also lower, with Nvidia Corp. down 2.3% and Advanced Micro Devices off 1.6%. Facebook Inc. rose 0.4% on Wednesday, but it has been one of the biggest drags on the sector this month, slumping more than 14% following a scandal over how it has handled user data. The Dow Jones Industrial Average was flat on Wednesday while the S&P 500 was off 0.2% and the Nasdaq Composite Index , which is heavily weighted toward tech, fell 1%.

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