Stocks Move Lower, Despite Tech Advances

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Various - New Look Wireless

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Stocks Move Lower, Despite Tech Advances

by Wochit 0:57 mins

Stocks Move Lower, Despite Tech Advances

by Wochit 0:57 mins

The stock market was mostly lower as worries about the recent rise in bond yields outweighed an advance in the technology sector. Apache's stock dropped as an analyst cut his rating on the oil and natural gas producer because of its exposure to Egypt. Statoil, Norway's state-controlled oil company, said that it would sell a package of North Sea assets to OMV, a smaller Austrian producer, for $2.65 billion. Nokia may be prepping a super sized Windows Phone handset. The Verge says the Finnish phone maker is now testing a Windows Phone device with a 6-inch display with an eye toward release later this year.

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