Markets edged higher Tuesday on the bank of improving consumer confidence. The Dow Jones increased 0.56 percent, while the S&P 500 Index gained 0.44 percent. The Conference Board reported the confidence index jumped to 82.3 from 78.3 in February. The reading was the highest since January 2008. "Overall, consumers expect the economy to continue improving and believe it may even pick up a little steam in the months ahead," said Conference Board economist Lynn Franco.
Facebook Inc. (NASDAQ: FB) shares traded in the range of $63.78 to $66.19 Tuesday before settling to close at $64.89, an increase of 1.23 percent. The stock appears to be facing some resistance at the $8.66 and $8.86 levels with some support at $8.50 and $8.36. The company announced that it has acquired Oculus VR, Inc. for $2.0 billion. Shares of Facebook have gained approximately 18.0 percent year-to-date.
More information on Facebook and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FB
LinkedIn Corp. (NYSE: LNKD) shares traded in the range of $181.77 to $189.87 Tuesday before settling to close at $184.33, a decrease of 2.03 percent. The stock appears to be facing some resistance at the $186.13, $199.27 and $204.21 levels. Shares of LinkedIn have fallen approximately 15.0 percent year-to-date.
More information on LinkedIn and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LNKD
Twitter Inc. (NYSE: TWTR) shares traded in the range of $47.58 to $49.70 Tuesday before settling to close at $47.88, a decrease of 1.82 percent. The stock appears to be facing some resistance at the $54.52 and $65.51 levels with some support at $45.74. Shares of Twitter have fallen approximately 25.0 percent year-to-date.
More information on Twitter and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TWTR
Zynga Inc. (NASDAQ: ZNGA) shares traded in the range of $4.75 to $5.08 Tuesday before settling to close at $4.84, an increase of 2.98 percent. The stock appears to be facing some resistance at the $4.86 and $5.15 levels with some support at $4.72 and $4.58. Shares of Zynga have gained approximately 27.0 percent year-to-date.
More information on Zynga and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ZNGA
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