The technology market experienced a fair increase in the stock market, thanks largely to current top share gain leaders Intel Corp., Apple Corp. and Facebook.
Intel Corp. rose to USD 22.58 after the company got a stock rating of neutral from Piper Jafray analyst Auguste Gus Richard. Richard reasoned raising the rating from underweight was due to possible gains in the corporate market and the upcoming launch of Windows 8.1. Intel is currently a top gainer in Dow Jones.
Facebook's stock moved a bit to USD 37.26 when analyst Ken Sena of Evercore partners raised share price expectations from USD 34 to USD 45. Sena explained that the new price estimate was attributed to Facebook's recent improvements, of which may incur potential revenue for shareholders.
Apple, one of S&P 500 top gainers, jumped 2% to USD 511.65. Pandora Media Inc also increased 3% in share price to USD 20.96. Google Inc climbed 1.6% at USD 870.59.
Trulia, on the other hand, experienced a 4% loss, diving to USD 44.15. Its rating was cut from outperform to sector perform by RBC Capital analyst Mark Mahaney, eventually tagging the stock as "high risk".
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