Facebook, today, reportedly rose as high as 3.8 percent, hitting an intraday high of $309.89 per share.
This strong growth spurred purchasing pressure among global investors, as promising economic data from America’s service industries combined with gains in cyclical industries fuelled the rise in Facebook’s stock.
On the other hand, Alphabet Inc., the parent company of Google, rose as much as 4% following news that it had resolved the supreme court lawsuit against Oracle, which had been pending for nearly three years.
In general, Amazon.com was up 1.9 percent, Apple Inc was up 2.1 percent, and Microsoft was up 3.1 percent, among other prominent Tech firms.
Despite a shift into utility and energy-related stocks, tech giants are posting remarkable gains.
Detailed reports shortly…