The tech-heavy Nasdaq also is doing well, up nearly a percent at 3,311. That’s a 12-year high, according to Marketwatch. Meanwhile, the S&P 500 is nearing a record close at 1,594, bolstered by the tech industry.
Microsoft is now near a 52-week high — trading around $32.47. And that surge comes even as several investment firms have downgraded Microsoft in recent days, following news that the PC market is losing steam. F5 Networks is jumping back after missing on its earnings earlier this month, up more than two percent. Google, Facebook and LinkedIn also are up.
But not every tech heavyweight is joining in today’s success. Amazon.com is down more than a percent following last week’s earnings report, and are off nearly five percent in the past five days. Expedia is also down, falling more than three percent. Zillow, which has more than doubled since its IPO in July 2011, fell back to $55.23 in today’s trading.