Investing.com - You can’t escape the tech sector this week and those stocks are attracting the most attention again in midday trading.
Twitter (NYSE:TWTR) is the stock at the bottom of the S&P Information Technology Sector index, which fell about 0.9% at 11:50 AM ET (15:50 GMT).
Shares of Twitter plunged about 16% after the company reported a surprise drop in monthly active users before the bell.
Average monthly users dropped to 335 million from 336 million in the first quarter, due to deletion of fake accounts and bots, or, as the company put it, “prioritizing the health of the platform.”
Intel (NASDAQ:INTC) tumbled 8% after reporting slower-than-expected sales growth at its data centers and delaying the release of its next-generation chips until the end of 2019. Intel’s loss was rival Advanced Micro Devices' (NASDAQ:AMD) gain. The stock rose 3.5%.
Elsewhere, Amazon.com (NASDAQ:AMZN) rose about 2% after reporting very strong earnings per share. The profit of $5.07 per share overshadowed any concerns that sales guidance came in below expectations.
Looking away from tech, Chipotle jumped about 5.7%. The restaurant reported comparable sales that topped expectations thanks to higher menu prices and bigger demand for queso.