While you were sleeping: Tech stocks slide

Mon, 12 Jun 2017

By Margreet Dietz June 13 (BusinessDesk) - Wall Street declined as shares of tech stocks including Apple fell amid concern about valuations, while oil gained. Apple shares slid after Mizuho Securities downgraded its rating on the iPhone maker to "neutral" from "buy," and cut its price target to US$150 from US$160 per share, according to media reports. "The stock has meaningfully outperformed on a year-to-date basis and we believe enthusiasm around the upcoming product cycle is fully captured at current levels, with limited upside to es...

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