By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks put in a generally
upbeat market performance Tuesday, as Google Inc. marked the 10th
anniversary of its initial public offering and Apple Inc. shares
put in their all-time highest close.
Google (GOOGL) shares rose almost 1% to close at $597.11. When
the company went public 10 years ago, many investors were skeptical
about the stock. But a $10,000 investment in 2004 would be worth
almost $140,000 today. Some Google watchers say more growth lies
ahead for the company's shares.
Apple (AAPL) rose to as high as $100.68 a share, before closing
with a gain of 1.4% at $100.53. It was Apple's highest all-time
closing point. Apple shares have risen more than 9% since the
company enacted a 7-for-1 stock split on June 9.
Rackspace (RAX) ended the day up by 2.7%, at $32.67 a share.
Late Monday, activist investor Blue Harbour Group disclosed it has
increased its stake in the cloud-services and hosting company to
6.5% from 2.5% in June.
Hewlett-Packard Co. (HPQ) rose 14 cents a share to close at
$35.48 ahead of the tech giant's quarterly earnings report, due
after Wednesday's market close. Read what to expect here.
The tech-heavy Nasdaq Composite Index (RIXF) rose 12 points to
4,520 and the Philadelphia Semiconductor Index (SOX) was up by
almost 1%. Also read: Three reasons to sell some big tech names
Subscribe to WSJ: http://online.wsj.com?mod=djnwires