Monday, 14 April 2014

Nasdaq back above 4,000 as tech plays rally

 Technology stocks were mostly higher Monday, pushing the Nasdaq Composite Index back above 4,000.
The Nasdaq  rose 22 points, or 0.6%, to 4,022 as the Morgan Stanley High Tech 35 Index  and the Philadelphia Semiconductor Index   each also moved up.
Internet and social media stocks led the rally, with Google   and Yahoo each climbing 1%, Facebook   up 1.3% and Twitter gaining 1.7%.
Twitter disclosed in a regulatory filing on Monday that co-founders Jack Dorsey and Evan Williams as well as Chief Executive Richard Costolo have no plans to sell any of their shares.
Source: Marketwatch

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