Tech Five: Shares of Apple volatile amid losing streak

Shares of Apple were fluctuating between red and green Wednesday morning. The stock peeled away Tuesday, as the company fell further into correction territory -- marking its third five-day losing streak this month.

Let's take a look at the tech stocks to watch Wednesday.

Apple (AAPL): The tech titian is facing mounting concerns over economic slowing in China, which is the company's biggest market for the iPhone. The company has fallen more than 14% since hitting its high of $134.54 on April 28. Company shares closed down $3.80, or 3.2%, to $114.64 in regular trading Tuesday.

Netflix (NFLX): Netflix climbed to record highs yesterday, closing the trading day up nearly 8% to $121.15. The Internet streaming giant also announced a generous parental leave policy. In the first year after the birth or adoption of a child, new parents that work for Netflix can take as much or as little time off as they desire and be fully paid, the company announced. Company shares were up more than 3% Wednesday morning.

DISH (DISH): The TV provider surpassed Wall Street's expectations after reporting earnings of increased revenue and net income. DISH's net income rose to $324 million for the second quarter, compared to $213 million during the same period last year. Revenue rose 4% to $3.83 billion, compared to $3.69 billion last year. However, despite these gains, the company also said that its pay-TV subscribers fell by 81,000. Company shares were up more than 2% Wednesday morning.

Yahoo (YHOO): Yahoo acquired social shopping site Polyvore for a reported $200 million plus as much as $40 million in incentives to its employees, according to The Wall Street Journal. The deal is part of Yahoo's larger plan of accelerating its digital content growth strategy across social, mobile and native advertising platforms. Polyvore allows customers to peruse clothing from top brands and retailers around the world on one site. Company shares were up nearly 1% during morning trading.

Facebook (FB): Shares of Facebook are climbing up to green after starting the week off in red. The company experienced a rough ride last week after it posted its earnings, which indicated an increase in spending that worried investors. Company shares were up more than 1% Wednesday morning.

Follow Paste BN reporter Trisha Thadani on Twitter:@TrishaThadani