By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks were broadly higher
Thursday, with Amazon.com Inc. and Apple Inc. the leading gainers
in an upbeat trading session.
Amazon (AMZN) shares rose 2.6% to $347.74 a day after the
company announced Brian Olsavsky, a vice president for Amazon's
global consumer business, will succeed Chief Financial Officer Tom
Szkutak, who plans to retire next summer.
Apple (AAPL) was up by almost 1% at $99.67 as anticipation
continued to grow over what is expected to be the unveiling of the
iPhone 6 at an Apple event on Sept. 9. Read why Apple CEO Tim Cook
is facing a make-or-break week.
Twitter Inc. (TWTR), eBay Inc. (EBAY), Microsoft Corp. (MSFT)
and Facebook Inc. (FB) also notched gains.
Shares of digital-camera maker GoPro Inc. (GPRO) lost more than
4% to $54.50. Before the market opened, J.P. Morgan analyst Paul
Coster cut his rating on GoPro to neutral from overweight, citing
GoPro shares' rapid pace of growth. They're up 137% since GoPro
went public on June 25.
Other decliners included Pandora Media Inc. (P), Groupon Inc.
(GRPN) and Hewlett-Packard Co. (HPQ).
The tech-heavy Nasdaq Composite Index (RIXF) rose 20 points to
4,591 and the Philadelphia Semiconductor Index (SOX) was also in
positive territory.
(Read more about the days market action in Movers & Shakers
http://www.marketwatch.com/storyno-meta-for-guid.).
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