U.S. stocks rallied on Friday, following the news that prices of oil ricochet back.
The Dow Jones Industrial Average climbed 0.9% or 152 points to 17,824 while the S&P 500 added 0.8% or 17 points to 2,059. The Nasdaq Composite Index gained 0.7% or 33 points to 4,749 as stated by The Wall Street Journal .
During Friday’s trade, GlobalSCAPE, Inc. (NYSE:GSB), was the top gainer of the technology sector, and added 26.47% to the share, while its closing price was $3.01. Yelp, Inc. (NYSE:YELP), was among the top loser of the sector, losing -21.51% from the share, and hits new 52-week low of $44.86., closing the stock at $45.11.
On the other hand, Frontier Communications Corporation (NASDAQ:FTR), hits new 52-week high of $8.10, and closed at $7.93.
Axcelis Technologies Inc. (NASDAQ:ACLS), was among the most volatile stocks of the sector, and its volatility for the week was 5.88%, while for the month was 4.61%.
Twitter, Inc. (NYSE:TWTR), was among the most active stock of the session, attaining volume of 103,543,347. Demandware, Inc. (NYSE:DWRE), and Sprint Corporation, (NYSE:S), will release their earning report, before the market open today.
Details about some major losers of technology sector,during Friday’s trade are described below:
Cisco Systems, (NASDAQ:CSCO), declined -0.07%, and closed at $27.24, during the last session, soon after the company declared recently that it is furthering its open standards approach to SDN, complementing its open Application Centric Infrastructure (ACI) approach and extending standards-based interoperability for its Nexus 9000 Series switches with support for the IETF standard BGP EVPN protocol for overlay networks. Support for BGP EVPN (Border Gateway Protocol - Ethernet Virtual Private Network) on the Cisco Nexus 9000 is planned to be accessible this month, with support for Cisco Nexus 7000 series switches and Cisco ASR 9000 series routers planned to be accessible in Q2 CY15.
Cisco Systems, (CSCO), designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Intel Corporation, (NASDAQ:INTC), dropped -1.90%, and closed at $33.29, during the last session, after the company will introduce and showcase a range of exciting and new products and technologies, from the network to the device.
WHAT: Intel Press Conference,
Join Intel CEO Brian Krzanich to hear about new products and technologies that will power, connect and assist secure the growing Internet of Things.
WHEN: Monday, March 2, 2015 from 15:00-16:00 CET,
Product and technology demonstrations will be accessible in the booth following the press conference.
WHERE: Intel booth,
Fira Gran Via, Hall 3, Booth #3D30
Barcelona, Spain.
Intel Corporation, (INTC), designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments.
Yelp Inc(NYSE:YELP), was the top loser for Friday’s trade and dipped -21.51%, while settled at $45.11, during the last session, as Yelp, declared financial results for the fourth quarter and full year ended December 31, 2014.
Net income for the full year ended December 31, 2014 was $377.5 million, an raise of 62% contrast to $233.0 million in the prior year. Net income for the full year ended December 31, 2014 was $36.5 million, or $0.48 per share, contrast to a net loss of $(10.1) million, or $(0.15) per share, in 2013. Adjusted EBITDA for the full year 2014 was $70.9 million contrast to $29.4 million for the prior year.
Yelp Inc (YELP), connects people with great local businesses. Yelp was founded in San Francisco in July 2004. Since then, Yelp communities have taken root in major metros across 29 countries. Yelp had a monthly average of about 135 million unique visitors during the fourth quarter of 20141.
Facebook Inc(NASDAQ:FB), decreased -1.51%, and closed at $74.47, during the last session, the company recently declared that Brian Boland, Vice President, Advertising Technology will participate in the Goldman Sachs Technology and Internet Conference on February 11, 2015 at 10:20 a.m. Pacific Time.
Facebook Inc (FB) operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications.
Intuit Inc.(NASDAQ:INTU) decreased -4.23%, and closed at $87.83, during the last session, as Intuit declared that TurboTax has resumed e-filing of state income tax returns as of 3 p.m. Pacific time, February 6, 2015. The organization keeps on to work with the states as they build their own anti-fraud capabilities and will share best practices as it works toward the best interests of the taxpayer.
Intuit Inc (INTU), provides business and financial administration solutions for small businesses, consumers, and accounting professionals in the United States, Canada, the United Kingdom, Australia, India, and Singapore.
