Tech stocks: Microsoft jumping early

Shares of tech giant Microsoft are off to a fast start in Tuesday trading. Let's take a look at the tech stocks to watch.

Microsoft on the rise. The Redmond, Wash., company's stock price is up nearly 3% in pre-market trading after unveiling a $40 billion share repurchase program. The company also plans to boost its quarterly dividend 22%.

Microsoft also unveiled an upgrade to its search engine Bing. The redesign detailed in a post from Microsoft features a new logo and interface, as well as options such as Page Zero, a sophisticated predictive search similar to Google Instant.

It's been a busy summer for Microsoft, which announced a reorganization of its company, the retirement of CEO Steve Ballmer and the acquisition of Nokia's handheld unit.

Apple dips slightly. Shares of the iPhone and iPad maker as the company seems to be staying quiet on pre-order details for its iPhone 5C.

The 5C is a lower-cost version of the iPhone available in five different colors. The Verge reports Apple hasn't given any signs of how successful pre-orders have been for the 5C, unlike previous years when it launched the iPhone 4S and iPhone 5.

Follow Brett Molina on Twitter: @bam923.