By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Apple Inc. continued to gain more
ground Friday, closing near its 52-week high as anticipation
swelled over the coming iPhone 6, and business software companies
Rally Software Development Corp. and Splunk Inc. also stood out in
Friday's market action.
Apple (AAPL) rose 25 cents a share to close at to $102.50, and
continued a run that has lifted its share price by 10% since the
company enacted a 7-for-1 stock split on June 9. On Thursday, Apple
sent out invitations to the media for an event on Sept. 9 in
Cupertino, Calif. that is expected to involve the unveiling of the
iPhone 6, and possibly the debut of what many have dubbed the
iWatch.
Apple may be adding touch-to-pay capabilities to the new iPhone
similar to Google Wallet, according to a Financial Times report
that the company is working with a Dutch chipmaker to add
touch-to-pay capabilities to the next iPhone.
Rally Software (RALY) shares climbed more than 15% to close at
$11.54 after the maker of business-management software reported
better-than-expected quarterly results late Thursday.
Splunk Inc. (SPLK) was also having a good day, as the
business-analytics software maker's shares rose more than 19% to
close at $53.93. On Thursday, Splunk reported a 52% rise in its
second-quarter revenue, to reach $101.5 million in sales.
Other gains came from digital camera maker GoPro Inc. (GPRO),
which rose almost 6% to close at $51.80 and Groupon Inc. (GRPN),
which rose 2.4% to close at $6.80 a share.
(Read more about other market action in Movers & Shakers:
http://www.marketwatch.com/story/splunk-rallies-freds-to-close-60-stores-2014-08-29.)
The Nasdaq Composite Index (RIXF) rose 22 points to close at
4,580 and the Philadelphia Semiconductor Index (SOX) rose almost
1%.
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