5 Stocks Dragging The Technology Sector Downward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 32 points (-0.2%) at 15,645 as of Thursday, Sept. 19, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,343 issues advancing vs. 1,599 declining with 112 unchanged.

The Technology sector currently sits up 0.1% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include America Movil S.A.B. de C.V ( AMX), down 2.8%, and America Movil S.A.B. de C.V ( AMOV), down 2.8%. Top gainers within the sector include Agilent Technologies ( A), up 4.5%, Salesforce.com ( CRM), up 2.4%, Apple ( AAPL), up 2.3%, Emerson Electric ( EMR), up 0.9% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 0.8%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. BT Group ( BT) is one of the companies pushing the Technology sector lower today. As of noon trading, BT Group is down $1.10 (-2.0%) to $54.75 on average volume. Thus far, 64,532 shares of BT Group exchanged hands as compared to its average daily volume of 89,900 shares. The stock has ranged in price between $54.66-$55.21 after having opened the day at $55.15 as compared to the previous trading day's close of $55.85.

BT Group plc provides communications services worldwide. It operates in four segments: BT Global Services, BT Retail, BT Wholesale, and Openreach. The BT Global Services segment offers managed networked IT and consulting services to large corporate and public sector customers. BT Group has a market cap of $43.2 billion and is part of the telecommunications industry. Shares are up 44.3% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate BT Group a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates BT Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full BT Group Ratings Report now.

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