US markets rebounded Thursday as eight of the S&P 500’s sectors posted gains, with consumer-discretionary and technology stocks leading the way. The Nasdaq Composite Index increased 0.70 percent to close at 3,787.43. Tech giants Apple Inc., eBay, Facebook and Yahoo Inc. all posted gains Monday. Apple shares rose on reports from CNBC that CEO Tim Cook is scheduled to meet renowned investor Carl Icahn Monday, while eBay shares surged with the announcement that it has acquired the global payment platform Braintree for $800 million. Additionally, Facebook shares topped the $50.00 mark for the first time ever after receiving a price target increase from Goldman Sachs. Yahoo! shares were boosted by reports that Chinese e-commerce giant Alibaba Group Holding is pursuing an IPO.
Apple Inc. (NASDAQ: AAPL) shares traded in the range of $483.90 to $488.56 Thursday before settling to close at $486.22, an increase of 0.97 percent. The stock appears to be facing some resistance at the $506.20 and $509.71 levels with some support at $486.04. Shares of Apple have fallen approximately 8.0 percent in 2013.
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eBay Inc. (NASDAQ: EBAY) shares traded in the range of $54.47 to $56.90 Thursday before settling to close at $56..64, an increase of 4.48 percent. The stock appears to be facing some resistance at the $56.76 and $57.38 levels with some support at $54.92. Shares of eBay have gained approximately 11.0 percent in 2013.
More information on eBay and access to the free equity report can be found at:
Facebook Inc. (NASDAQ: FB) shares traded in the range of $49.50 to $50.60 Thursday before settling to close at $50.39, an increase of 1.88 percent. The stock appears to be facing some resistance at $50.87 with some support at the $48.03 and $46.33 levels. Shares of Facebook have gained approximately 90.0 percent in 2013.
More information on Facebook and access to the free equity report can be found at:
Yahoo! Inc. (NASDAQ: YHOO) shares traded in the range of $31.58 to $33.00 Thursday before settling to close at $32.75, an increase of 4.50 percent. The stock appears to have some support at the $31.51, $30.83 and $29.66 levels. Shares of Yahoo! have gained approximately 350.0 percent in 2013.
More information on Yahoo! and access to the free equity report can be found at:
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