By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks closed with broad
gains Tuesday, with Amazon.com Inc. and Twitter Inc. recording
strong performances.
Amazon (AMZN) shares rose 2.3%, to close at $341.83, after the
Wall Street Journal reported that the company is looking at ways to
appeal to advertisers, including developing software that could
rival Google's AdWords platform.
Twitter (TWTR) climbed 4.5% to close at $48.17 a day after the
microblogging company said it had doubled the number of European
countries where its advertising system is available.
TiVo Inc. (TIVO) shares rose 2% to close at $13.90. The
digital-video recording technology company is set to report its
second-quarter earnings results after the close of trading, with
investors surveyed by FactSet expecting the company to earn 7 cents
a share on $108.4 million in revenue.
TiVo also released a new DVR that records over-the-air
broadcasts for customers that don't use cable or satellite TV
services.
Hewlett-Packard Co. (HPQ) rose almost 2% to $37.83, and other
gains came from eBay Inc. (EBAY), IBM Corp. (IBM) and LinkedIn
Corp. (LNKD).
The tech-heavy Nasdaq Composite Index (RIXF) rose more than 13
points to close at 4,570. The Philadelphia Semiconductor Index
(SOX) edged into positive territory. (Read more about other market
actvity in Movers & Shakers
http://www.marketwatch.com/storyno-meta-for-guid.).
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