Amazon jumped 7.5% to $357.15. Chief Executive Officer Jeff Bezos has poured money into the Seattle-based company’s delivery network, cloud-computing services and line of Kindle e-readers and tablets, sacrificing near-term profits to fuel growth. That could put Amazon on track to outpace the e- commerce market, where sales are seen climbing 15.5% to $83.2 billion, according to EMarketer Inc.
Microsoft rallied 6.3% to $35.84. The world’s largest software maker is undergoing unprecedented changes, conducting its first-ever CEO search to replace Steve Ballmer and starting an organizational overhaul aimed at bolstering sales by focusing on devices and services.
UPS jumped 2.1% to $96.50. The world’s largest- package delivery company beat analysts estimates for third- quarter earnings. The company said revenue from each domestic parcel rose 1% and daily package volume was up 2.3%. UPS and rival FedEx Corp. are considered economic bellwethers because of the variety of goods they ship around the world.
Zynga Inc. surged 12% to $3.95. The maker of social- networking games reported its first quarter under Chief Executive Officer Don Mattrick, recording a smaller-than- forecast loss as purchases of items used in games exceeded the company’s forecast.
Yahoo! Inc. lost 1.6% to $32.55 after Yahoo Japan Corp. forecast full-year sales and profits that missed analysts’ estimates.