Technology companies led the Standard & Poor’s 500 index to an all-time closing high Monday. Apple surged 3 percent, or $12.92, to $430.12.
Los Gatos-based Netflix, which streams TV shows and movies over the Internet, was among the winners after announcing profits that impressed investors. Netflix soared $42.62, or 24 percent, to $216.99 after reporting a big gain in subscribers in the first quarter.
Oracle Corp. on Wednesday reported flat earnings for its fiscal third quarter, hurt by a continued drop in sales of hardware systems and a surprise decline in sales of new software – which the company attributed to a lackluster performance by its expanding sales force rather than lack of demand.
Intel Corp., the world’s largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken.
In an SEC filing late Tuesday, Facebook said that founder and CEO Mark Zuckerberg “has no intention to conduct any sale transactions… for at least 12 months.”
Apple’s $1 billion court win against Samsung is translating into a much bigger jump in its market value. Apple shares were up $11.98, or 1.8 percent, at $675.26 in morning trading Monday.
Facebook’s stock fell to $19 for the first time on Friday, meaning it has lost half its market value since the company’s initial public offering in May.
Online game maker Zynga is falling sharply in after-hours trading after the San Francisco company reported an unexpected loss in the second quarter.
More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple’s breakneck growth rate to slow.
Netflix says its second-quarter earnings plunged 91 percent amid a slowdown in subscriber growth.