By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- Facebook Inc. marked its 10th
anniversary on an upbeat note, as its stock led a tech-sector
rally.
Facebook (FB) was up 2.2% to $62.82 a week after the company
blew past Wall Street estimates and its results underscored a
strengthening position in the online ad market. Facebook shares
have risen 15% year-to-date.
In a statement marking the anniversary, co-founder and Chief
Executive Mark Zuckerberg said: "It's been an incredible journey so
far, and I'm so grateful to be a part of it."
"It's been amazing to see how people have used Facebook to build
a real community and help each other in so many ways," he added.
"In the next decade, we have the opportunity and responsibility to
connect everyone and to keep serving the community as best we
can."
The tech sector also got a lift from Microsoft (MSFT) , shares
of which were up a fraction after the tech giant named Satya
Nadella as its new CEO.
Gains also came from other Internet stocks, as shares of Google
Inc. (GOOG) gained 1.5% and Yahoo Inc. (YHOO) rallied 2.5%. Apple
(AAPL) was up 1.5%, while Hewlett-Packard (HPQ) added 1% and Zynga
(ZNGA) was up 4%.
On the downside, shares of Twitter (TWTR) were down a fraction
ahead of its first quarterly report as a publicly-traded company.
Twitter will report financials after the market closes on
Wednesday. Shares of LinkedIn were off 1.7%. LinkedIn reports on
Thursday.
Other tech stories from MarketWatch:
What Facebook will look like in 10 years
Will Bill Gates pull a Steve Jobs at Microsoft?
Microsoft's safe choice could surprise investors
Subscribe to WSJ: http://online.wsj.com?mod=djnwires