• / Free eNewsletters & Magazine
  • / My Account
Home>UPDATE: Amazon, Twitter gains lead techs higher

Related Content

  1. Videos
  2. Articles
  1. Insights From the 'Best on the Street'

    Hear industry outlooks and best ideas from the 12 Morningstar analysts named by The Wall Street Journal among the "Best on the Street."

  2. EBay Worthy of a Bid

    The Internet giant's network effect, mobile capabilities, and PayPal platform have it positioned for long-term growth, say Morningstar's Matt Coffina and R.J. Hottovy.

  3. Danoff, Davis, Lynch: Stock-Picking Ahead of the Crowd

    The past Morningstar Manager of the Year winners favor credit card firms, split views on Facebook , address China's importance, extol executives' foresight for future growth and disruption, and much more in this panel presentation at the Morningstar Investment Conference.

  4. 5 Signs of Fallout in the Market

    Morningstar markets editor Jeremy Glaser studies possible impacts of the Facebook IPO controversy, struggles and turnarounds at Dell and HP , real economy weakness in the eurozone, and slower sales at Tiffany.

UPDATE: Amazon, Twitter gains lead techs higher

UPDATE: Amazon, Twitter gains lead techs higher

08/26/2014

By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- Tech stocks closed with broad gains Tuesday, with Amazon.com Inc. and Twitter Inc. recording strong performances.

Amazon (AMZN) shares rose 2.3%, to close at $341.83, after the Wall Street Journal reported that the company is looking at ways to appeal to advertisers, including developing software that could rival Google's AdWords platform.

Twitter (TWTR) climbed 4.5% to close at $48.17 a day after the microblogging company said it had doubled the number of European countries where its advertising system is available.

TiVo Inc. (TIVO) shares rose 2% to close at $13.90. The digital-video recording technology company is set to report its second-quarter earnings results after the close of trading, with investors surveyed by FactSet expecting the company to earn 7 cents a share on $108.4 million in revenue.

TiVo also released a new DVR that records over-the-air broadcasts for customers that don't use cable or satellite TV services.

Hewlett-Packard Co. (HPQ) rose almost 2% to $37.83, and other gains came from eBay Inc. (EBAY), IBM Corp. (IBM) and LinkedIn Corp. (LNKD).

The tech-heavy Nasdaq Composite Index (RIXF) rose more than 13 points to close at 4,570 and the Philadelphia Semiconductor Index (SOX) edged into positive territory. (Read more about other market actvity in Movers & Shakers http://www.marketwatch.com/storyno-meta-for-guid.).

blog comments powered by Disqus
Upcoming Events
Conferences
Webinars

©2014 Morningstar Advisor. All right reserved.