Why These Tech Stocks Jumped on Friday
In a surprise twist to a terrible week for the markets, the S&P 500 soared on Friday. The index jumped 9.2%, making it the market's best one-day rise since October 2008.
Of course, the market still finished the week significantly lower than it started, thanks in large part to the worst one-day market crash since 1987 on Thursday. The S&P 500 was down about 9% for the full week, recovering some ground from a 16.5% decline for the week as of market close on Thursday.
Along with Friday's market rebound, many sectors saw a boost. Large cap tech stocks rebounded particularly sharply. Four notable companies with sharp gains on Friday were virtual machine software specialist VMware (NYSE: VMW), hotel booking platform Trivago (NASDAQ: TRVG), local business review platform Yelp (NYSE: YELP), and social network Twitter (NYSE: TWTR).
Source Fool.com
