Opening Glance: Most computer, peripheral stocks dip

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April 30, 2008

NEW YORK—Shares of computer and peripheral makers were mostly down a bit in morning trading Wednesday, while the overall market rose ahead of the Federal Reserve's decision regarding interest rates.

The Fed is widely expected to lower its benchmark federal funds rate by a quarter point to 2 percent.

Computer stocks slipped following a report that showed the economy grew by just 0.6 percent in the first quarter, slightly better than the 0.5 percent growth that many economists expected.

Here is a look at how some key computer and peripheral companies' shares performed Wednesday morning:

International Business Machines Corp. lost 6 cents to $122.79.

Hewlett-Packard Co. fell 59 cents to $47.25.

Apple Inc. rose $2.600 to $177.65.

Seagate Technologies Inc. slipped 4 cents to $19.04.