By Rex Crum, MarketWatch
SAN FRANCISCO (MarketWatch) -- Tech stocks started November's
trading with broad gains Monday, led by advances from the likes of
Apple Inc. and GoPro Inc.
Apple (AAPL) continued its recent strong performance, rising
1.3% to an all-time high close of $109.40 a share. A report in The
Wall Street Journal said Apple will be speaking with investors
Monday about the possibility of a sale of new bonds. The Journal
said Deutsche Bank and Goldman Sachs are setting up the call for
Apple, and that the company may issue at least some debt in
euros.
Also, a report from the website 9to5Mac.com said Apple is
planning on launching its Apple Watch in the spring of 2015. Apple
has not set a release date for the watch.
GoPro Inc. (GPRO) jumped 9.4% to close at $84.32 a share as
investors and industry analysts remained upbeat about the digital
camera maker's prospects following a strong earnings report last
week.
Alibaba Group (BABA) rose 3.3% to close at $101.80 in advance of
the company's first earnings report as a publicly traded company,
due ahead of Tuesday's market open.
Twitter Inc. (TWTR) lost 3% to close at $40.21, while Facebook
Inc. (FB) gave up 1.5% to end the day at $73.88 and Google Inc.
(GOOGL) shed almost 1% to close at $563.77. Before the market
opened, Morgan Stanley analyst Benjamin Swinburne initiated
coverage on Twitter and Google with equal-weight, or neutral
ratings, and started covering Facebook with an overweight
rating.
Priceline.com Inc. (PCLN) gave up 0.6% to end the day at
$1,198.52 ahead of the online travel agency's third-quarter
earnings report, due before the start of trading on Tuesday.
The tech-heavy Nasdaq Composite Index (RIXF) rose 8 points to
4,638, while the Philadelphia Semiconductor Index (SOX) ended the
day up by 0.6%.
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