Facebook leads tech gains; Microsoft slips
Social-networking leader pushes toward highest close since IPO
SAN FRANCISCO (MarketWatch) — Facebook Inc. shares jumped Monday morning, helping to lead the tech sector higher as the social-media giant’s shares hit a new 52-week high, while Microsoft shares gave back some earlier gains that had come with the news that CEO Steve Ballmer would retire.
Facebook (NASDAQ:FB) climbed 2.7%, to reach $41.62, adding to gains that have lifted the company’s stock by more than 57% since it reported its most-recent quarterly results, on July 24. Facebook went public last May at $38 per share. http://www.marketwatch.com/story/facebook-lea...atest_news