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Nasdaq Forecast Strengthened In Tech Company Wake

Nasdaq Forecast Strengthened In Tech Company Wake

Thanks to strength in technology shares the Nasdaq begun the week by rising and at times on Monday went above the 4,600 level.

GoPro shares rose 5% to $61.69 and are forecast to keep rising over the coming months. Yahoo shares also rose 3% thanks to Chinese Internet company Alibaba beginning its IPO roadshow, Yahoo owns 23% of Alibaba and is planning to send its share in the company.

Twitter was also up 3.2% as it began testing functionality to allow users to make purchases from within tweets. Apple also rose as investors look towards the imminent launch of the iPhone 6 and possibly a number of other products.

The Nasdaq has been rising steadily all year and thanks to the strength of the tech companies listed on it, it is expected to keep doing so for the next few months.

OCA News Editor

Jenny McKinnley is OCAs financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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