By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks shook off their broad
early losses Friday to finish the week on an upbeat note with gains
coming from the likes of Apple Inc. and GoPro Inc.
Apple (AAPL) shares rose almost 1% to close at $99.97 with the
company expected to unveil the next version of the iPhone, and
possibly other products, on Tuesday. Some analysts see
opportunities in buying Apple's stock ahead of the event, which
will take place near its Cupertino, Calif. headquarters.
GoPro (GPRO) shares rallied more than 10% to $58.75. The maker
of digital video cameras got a lift after Ambarella Inc. (AMBA),
GoPro's main supplier of video-processing chips, reported
better-than-expected quarterly results.
Network technology company Infoblox Inc. (BLOX) climbed 4.6% to
close at $14.21. Late Thursday, Infoblox reported fiscal
fourth-quarter earnings and sales that beat Wall Street analysts'
forecasts.
Among other tech bellwethers, gains also came from Google
(GOOGL), Microsoft Corp. (MSFT), LinkedIn Corp. (LNKD) and Yahoo
Inc. (YHOO).
The Nasdaq Composite Index (RIXF), which includes many leading
tech stocks, climbed more than 20 points to close at 4,582 and the
Philadelphia Semiconductor Index (SOX) added almost 1%.
Part of the day's early negative tone came from what was seen as
a weak report on the U.S. job market, which showed the economy
adding just 142,000 jobs in August.
(Read more about the latest jobs data in Market Snapshot
http://www.marketwatch.com/story/us-stocks-futures-dip-ahead-of-jobs-report-2014-09-05.).
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