With the Nasdaq Composite chalking up a record high intraday on Tuesday it was a good day to get bad news out of the door - only the negatives for the sector were, as one might suspect, outweighed by the positives.
The tech-heavy ticker managed to mark 5,238.54 – surpassing the March 10, 2000 levels when the Nasdaq famously saw its dot com bubble burst. The level was at its highest since the ticker launched in 1971.
With few exceptions tech stocks fared well this session. Dish Network (NASDAQ:DISH), the satellite TV provider, was upgraded to "outperform" from "neutral" by brokers at Macquarie, seeing significant upside from Dish's ability to participate in an upcoming spectrum auction.
The stock was up 1.8% at $52.22.
Meanwhile, Monster Worldwide (NYSE:MWW) put in a monster of a gain on Tuesday after news that the online jobs site is being caged by Dutch recruiting firm Randstad for $429mln, or $3.40 per share. That represents a 23% premium over Monday's closing price for shareholders.
Monster shares were last seen up 26.3% at $3.50 just ahead of the closing bell.
Twilio (NYSE:TWLO) was not too lucky with its earnings but still managed to offer an upbeat message which saw its shares rise.
Twilio lost an adjusted 8 cents per share for its latest quarter, 6 cents a share less than analysts had anticipated. The company's revenue was well above estimates.
But the maker of messaging and voice services also gave an upbeat forecast for the current quarter as demand for its services rises.
What is not in doubt is that Twilio is in the right place at the right time. As more companies look to make use of cloud facilities, Twilio is right in there too.
Some critics might say the company has soared suspiciously fast and therefore might be overbought. In June, Twilio's IPO priced at $15 per share and by August it was trading nearly three times that.
Twilio shares were up 1.5% at $43.16 on Tuesday.
Honeywell International Inc (NYSE:HON) the industrial conglomerate is in talks to buy privately held JDA Software for about $3bn, according to a Reuters report. JDA is a maker of supply chain management software which was taken private by New Mountain Capital in 2012.
The gains on this stock may have been the lightest, but it still eked out a rise of 0.1% to $116.13.
LendingClub (NYSE:LC) reported an adjusted second-quarter loss of 9 cents per share, wider than the 2 cents a share expected by analysts. Revenue was slightly ahead of forecasts. The operator of an online lending marketplace also announced the resignation of Chief Financial Officer Carrie Dolan.
LendingClub shares were 1.3% higher at $4.85.
Finally, Wayfair (NYSE:W) offered the day’s fly in the ointment.
The online seller of home furnishings lost an adjusted 43 cents per share for its latest quarter, 2 cents a share wider than expected. Revenue did beat forecasts. Wayfair said it is making good progress in speeding up delivery times, reducing damage rates, and growing its business.
But on Tuesday the shares bombed by 19.3% to $38.93. Another day, another dollar.