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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Apple Inc | NASDAQ:AAPL | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.02 | 0.01% | 170.35 | 170.30 | 170.57 | 172.695 | 169.1101 | 169.58 | 50,384,043 | 01:00:00 |
From May 2019 to May 2024
By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Gains from Internet stocks led a broad rally across the tech sector Wednesday, with Facebook Inc. putting in its best day in months and other Internet leaders getting a boost following an upbeat assessment from J.P. Morgan analyst Doug Anmuth.
In a research note, Anmuth said there are "attractive opportunities" among Internet stocks after a recent selloff in the sector that shaved almost 20% from Facebook's (FB) shares and nearly 30% off Pandora Media Inc. (P) since those stocks hit year-to-date highs in early March.
On Wednesday, Facebook rose 7.3% to close at $62.41 as the social-networking leader had its best day of gains since Jan. 30.
Among other stocks that Anmuth mentioned, Pandora (P) rose 5.3% to $29.77 a share, online travel agency Priceline.com Inc. (PCLN) climbed almost 4% to $1.234.63 and Netflix Inc. (NFLX) added 1.2% to end the day at $353.03.
Tech bellwethers also had generally good day, as Apple Inc. (AAPL), Microsoft Corp. (MSFT), Oracle Corp. (ORCL), IBM Corp. (IBM), LinkedIn Corp. (LNKD) and Yahoo Inc. (YHOO) all advanced.
The Nasdaq Composite Index (RIXF) flexed its muscles and rose almost 71 points, or 1.7%, to close at 4.183.136 and the Philadelphia Semiconductor Index (SOX) also rose 1% on the day.
More tech news from MarketWatch:
Microsoft XP users face the end of the line for the OS
TiVo sees gains on the set-top box trail
Apple, Amazon attack cracks in TV's armor
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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