Tech, which is currently the largest sector in the S&P 500, remains
a notable laggard. It is currently off by 1.0% this session, and down
almost 19% for the month.
Yahoo! (YHOO 13.12, +0.19) is trading higher, but is providing limited
help to the overall tech sector. Yahoo's gains come despite reports
that cast doubt on the possibility of a search deal with Google (GOOG
357.83, -1.86). Yahoo's interest in teaming up with Google stems from
trying to improve its competitiveness in the Internet search category.
However, if the deal is blocked by regulators, Yahoo could be looking
for other strategic alternatives. As such, many believe Yahoo should
reconsider merging with Microsoft (MSFT 22.32, -0.31), though no actual
announcements regarding such a matter have been made.