Three tech stocks — Snap Inc., Roku and Facebook — posted especially strong gains as broader markets staged a more modest rally to close the week on a high note.A stellar earnings report after the close of trading on Thursday propelled Snap up 24% to a new record high of $77.97.
Trading volume was more than five times its normal level. Investors took the frenzy as a validating sign for other social media firms.
Facebook stock hit record territory, gaining more than 5% to close at $369.79. Twitter also perked up 3% to $71.69 and Pinterest popped 6%.Roku shares, which have tripled over the past year as the streaming provider has increased its user base and bulked up its advertising efforts, surged almost 13% to finish at $473.65.
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