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Tech stocks are holding markets back today, as two of the highest-profile stocks on the market are moving lower. As of 3:30 p.m. EDT, the Dow Jones Industrial Average (INDEX: ^DJI  ) is up just 0.06%, and the S&P 500 (INDEX: ^GSPC  ) has fallen 0.06%.

Facebook (Nasdaq: FB  ) fell as much as 10% today after Barron's said the stock is worth only $15 per share. The bearish predictions continue for Facebook, and we'll need to see fundamental improvement if this stock is ever going to be a long-term winner.

Apple (Nasdaq: AAPL  ) is down 1.6% today after it said that it sold 5 million iPhone 5s on opening weekend. That may sound like a lot, but expectations were higher, and the market has pushed the stock below the $700 mark. This helped push Dow components Microsoft (Nasdaq: MSFT  ) and Intel more than 1% lower on fears that Microsoft-based phones will also be slow sellers. The market tends to overreact to everything Apple reports on the downside, and before we see Microsoft's full operating-system release, I'm not too worried about what Apple does. In fact, a slow weekend for Apple may be an opportunity for Microsoft and Intel to gain some share in the smartphone wars.

Pfizer is leading the Dow's winners today, climbing a little more than 1%. Moody's gave the pharmaceutical industry a bit of a boost today by upgrading the outlook for the industry's biggest companies from negative to stable. The wave of patent expirations should subside next year, and cost-cutting measures should allow companies to retain decent profitability.

Apple has dominated headlines for a few weeks now, and although it sold out of the iPhone 5, investors still aren't satisfied. So is it time to worry? Find out what our Apple expert thinks in our premium report on the stock, which includes a close look at the iPhone 5. Click here for more details.

Fool contributor Travis Hoium manages an account that owns shares of Intel, Microsoft, and Apple. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

The Motley Fool owns shares of Apple, Intel, Microsoft, and Facebook. Motley Fool newsletter services have recommended buying shares of Moody's, Microsoft, Apple, Facebook, and Intel. Motley Fool newsletter services have recommended creating a bull call spread position in Apple. Motley Fool newsletter services have recommended creating a synthetic covered call position in Microsoft. The Motley Fool has a disclosure policy.
We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On September 24, 2012, at 3:47 PM, jdmeck wrote:

    How can you sell more than 5 million if you don't have 5 million to sell? The market is full of idiots.

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Today's Market

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DOW 18,145.71 -16.64 -0.09%
S&P 500 2,141.16 -0.18 -0.01%
NASD 5,257.40 15.57 0.30%

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Related Tickers

10/21/2016 4:47 PM
^DJI $18145.71 Down -16.64 -0.09%
^GSPC $2141.16 Down -0.18 -0.01%
S&P 500 INDEX CAPS Rating: No stars
AAPL $116.60 Down -0.46 -0.39%
Apple CAPS Rating: ****
FB $132.07 Up +2.07 +1.59%
Facebook CAPS Rating: ***
MSFT $59.66 Up +2.41 +4.21%
Microsoft CAPS Rating: ****