By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks looked to end the
week on an upbeat note Friday, as most the sector advanced along
with the broader market and Apple Inc. prepared to for its first
stock split in nine years.
Apple (AAPL) reached a 52-week-high of $650.49, but then pulled
back and was little changed on what will be the last day of trading
for the iPhone maker before a 7-for-1 stock split takes effect
early Monday.
Amazon.com Inc. (AMZN) added 1% to $327 a share as interest grew
about invitations that Amazon sent to a company event on June 18.
Speculation suggests Amazon may be about to launch its own
smartphone.
Online professional-services referral company Angie's List Inc.
(ANGI) climbed more than 6% to $10.77 a share. Bank of America
Merrill Lynch analyst Paul Bieber on Friday raised his rating on
the stock to buy from neutral after what he said was positive
comments made by Chief Executive Bill Oesterie at a B. of A. tech
conference.
Netflix Inc. (NFLX) edged up $2.10 a share to $430.45 as the
second season of the Internet video-streaming company's original
series "Orange Is The New Black" made its debut Friday.
Other gains came from IBM Corp. (IBM), Yahoo Inc. (YHOO), Intel
Corp. (INTC) and Microsoft Corp. (MSFT).
The Nasdaq Composite Index (RIXF) rose 17 points to 4,313, and
the Philadelphia Semiconductor Index (SOX) edged into positive
territory with a small gain.
More tech news from MarketWatch:
Amazon may hang up Apple and Samsung
Amazon mimics Apple in hyping upcoming event
Microsoft tells feds to stop hacking data centers
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