Netflix shares rise almost 3 percent to lead a mostly upbeat day for Bay Area stocks.
Bay Area stocks put in what was a generally upbeat day Wednesday, with gains coming from the likes of Netflix, Intel and Chevron.
Netflix shares climbed 2.7 percent to end the day at $179.25. The internet TV giant made some noise when T-Mobile said it would pay for the Netflix bills of customers who sign up for one of the mobile-phone carrier’s family plans.
Chevron had a good day, as the oil-refining and gasoline company’s shares rose 2.2 percent to $11.79. Intel shares rose 2.1 percent, to close at $35.76 after the European Union Court of Justice ordered that an EU antitrust case against Intel be sent back to a lower court for review. The decision was seen as a rare blow against the EU in its antitrust battles, and could have implications for cases involving Qualcomm and Google.
Gains also came from TiVo, Facebook, Twitter and Cisco Systems.
Hewlett Packard Enterprise shares gave up almost 2 percent, to close at $13.77, one day after the data-technology company reported better-than-expected third-quarter results, and Chief Executive Meg Whitman reiterated that she is “not going anywhere.”
Among the nation’s leading stock-market gauges, the tech-focused Nasdaq Composite Index rose 0.3 percent, to 6,393.31. The blue chip Dow Jones Industrial Average also rose 0.3 percent, and ended the day at 21,807.64. The broad-based Standard & Poor’s 500 Index climbed by 0.3 percent to finish at 2,465.54.
