9-18-13 4:41 PM EDT | Email Article

By Benjamin Pimentel, MarketWatch


SAN FRANCISCO (MarketWatch) -- Technology stocks put in strong gains Wednesday, led by advances by bellwethers Adobe Systems Inc. and Apple Inc., and a historic day for Priceline.com Inc.


Adobe (ADBE) surged more than 9%, to close at $52.58, a day after the software company reported a steady growth in its subscriber base, a trend that has won upbeat reviews from analysts.


Apple (AAPL) shares tacked on 2%, to close at $464.68, as The Cupertino, Calif.-based company released iOS 7, the latest version of its iPhone and iPad operating system. Apple will begin selling its new iPhone in retail stores on Friday.


Priceline (PCLN) continued its yearlong hot streak, and made history by becoming the first S&P 500 (SPX) listed company to have its shares top the $1,000 mark. Priceline's stock peaked at $1,001 before falling at $995.09 a share.


Facebook Inc. (FB) came back from early losses to rise 16 cents and close at $45.23 a share. Wedbush analyst Michael Pachter, who has an outperform rating on the social network's stock, raised his price target to $49 from $39.


"Strong mobile growth should continue for the foreseeable future, supplemented by monetization of Instagram," he said in a note. "Facebook now has more daily active users on mobile than on desktop and it expects to generate more revenue on mobile than on desktop in the near future."


Shares of BlackBerry (RIMM) slipped 1.5%, to close at $10.40, on a report from The Wall Street Journal that it was planning to cut up to 40% of its workforce.


The Nasdaq Composite Index (RIXF) ended the day up by almost 38 points, or 1%, at 3,783. The Morgan Stanley High Tech 35 Index(MSH) rose 1.5%, while the Philadelphia Semiconductor Index (SOX) gained almost 1%.

-Benjamin Pimentel; 415-439-6400; AskNewswires@dowjones.com


Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

09-18-13 1641ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
Add a Comment

News   More...

Start Premium Trial Register For Free

P F Fund Financial Data (13,000+ funds)
P F Stock Financial Data (7,000+ stocks)
P F Stock and Fund Screeners (basic)
P F Investing Articles and Market Commentary
P F Articles Archive (>30 days)
P F Discuss (dozens of stock, fund, bond, and general bulletin boards)
P F Portfolio Manager (basic)
P F Morningstar Investment Classroom
P F Access Your Portfolio Anytime, Anywhere via Your Mobile Device
P   Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)
P   Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)
P   Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)
P   Portfolio Monitor (monthly and on-demand personalized portfolio statements)
P   Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)
P   Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters
P   Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)
P   Discounts on Morningstar newsletters, books, seminars, and more

Sign-up to Morningstar

Basic Access

Articles and Videos
Morningstar video reports, articles, data, and tools. Dig into our lineup of e-newsletters and investing classroom courses outlining sensible strategies for maximizing your investments.
Morningstar Discuss
Follow the buzz on individual stocks or fund families. Plus, read the latest posts from Morningstar members and analysts.
Portfolio Manager
Track your investments and watch lists with our Portfolio Manager. Customize your view with our comprehensive stock, fund, and ETF data.

Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.

Unlimited Access

Analyst Research
Gather in-depth, actionable insight on over 3,700 stock and mutual funds covered by Morningstar analysts. View our mutual fund Analyst Reports favored by professionals, savvy experienced investors, and new investors researching options for retirement savings, college plans, or other investment needs.
Portfolio X-Ray®
Ensure your portfolio is positioned exactly how you want with Morningstar's X-Ray Interpreter and Stock Intersection tools. A Barron's "Best of the Web" award winner for five years running, X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. And you can discover how much of a stock you really own, individually and through mutual funds, with Stock Intersection.
Investment Picks
Find new 5-star stocks (greatly undervalued companies) to consider daily. Our 5-star stock rating is a proven winner, consistently beating benchmarks like the S&P 500. Plus, browse our Fund Analyst Picks and Stewardship Grades to find shareholder-friendly mutual funds that are poised for outperformance.
Portfolio Monitor
Get a clear view of your investments with personalized reports about your portfolio. Receive monthly statements and generate reports on-demand to help you stay on track to meet your investment goals.

Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.

Content Partners
Morningstar - 2013/9/18 - UPDATE: Adobe, Apple, Priceline lead tech gains
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Company |  Symbol |  Interest |  Popularity Title |  Date |  Author |  Collection |  Interest |  Popularity

Previous: UPDATE: Adobe, Apple lead tech stocks higher  |  Next: UPDATE: Adobe, EA, Nielsen jump; Anadarko dives