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MAR 05, 2014 - MarketWatch

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Facebook rally lifts tech stocks

SAN FRANCISCO (MarketWatch) - Facebook Inc. shares rallied early Wednesday, giving the tech sector a lift after Stifel analysts raised their price target for the stock to $82 from $72. Facebook climbed 2.1% to $70.25 in early trades. Other social media stocks posted gains, including Yelp Inc. , which was up more than 3% and LinkedIn Corp. , which added 1.3%. But the sector was weighed down by shares of Hewlett-Packard and Apple Inc. , which were each down a fraction. The Nasdaq Composite Index was mostly flat, last down 2 points at 4,349. The Philadelphia Semiconductor Index was up a ... Read More

Tags: Facebook rally lifts tech stocks,  Apple Inc. Latest News