SAN FRANCISCO (MarketWatch) - Shares of Facebook
Inc. rose 5% early Monday after Bernstein Research raised the stock's rating to outperform citing the social networking giant's "revenue growth potential" in the next two years. Shares of Apple
Inc. also edged up 1% to $578 after Citigroup re-initiated coverage with a buy rating, saying the stock is poised for gains after a near-term sell-off. Yahoo Inc. also saw its stock post a 2% gain after Goldman Sachs put the stock on its conviction buy list, pointing to "recent clarity" on the company's expected turnaround. The tech sector also got a lift from gains in chip stocks which saw the Philadelphia Semiconductor Index edge up by a fraction, but the Nasdaq
Composite Index slipped 3 points to 2,964, as shares of Microsoft
, Hewlett-Packard and Google Inc. retreated.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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