The Nasdaq jumped 1.5% during Monday midday trading as internet and software stocks outperformed, led by a 5% increase from Amazon after Goldman Sachs raised its price target on the e-commerce giant to $3,800 from $3,000.
The S&P also saw gains, rising 0.4% to 3,237.34, while the Dow Jones industrial average ticked down 0.2% to 26,630.38.
Crude oil increased 0.1% to $40.61 a barrel.
The price of gold rose 0.4% to $1,817.
The yield on a 10-year treasury bond fell 2.2% to 0.61%.
TECHNOLOGY
Orange County tech stocks followed nationwide increases, led by Irvine-based Alteryx Inc. (NYSE: AYX), which moved up 4.8% to $169.63 a share with an $11.2 billion market cap. Shares for Alteryx, a provider of data analytics software, are up 35% in the last month, hitting a 52-week high of $185.75 on July 9.
Veritone, Inc. (Nasdaq: VERI) in Costa Mesa rose 2.2% to $12.25 and a $332 million market cap; Irvine’s Skyworks Solutions Inc. (Nasdaq: SWKS) increased 1.9% to $136.46 a share for a market cap of $22.8 billion; and Irvine-based CalAmp Corp. (Nasdaq: CAMP) was up 1.8% to $7.73 and a $266 million market cap.
