Yahoo shares moved higher, rising above $30 per share, a day after Yahoo CEO Marissa Mayer touted that the company just passed 800 million monthly users. That's a traffic increase of 20% since she took the helm in July 2012.
But it wasn't all good news for tech stocks. Netflix shares sank after analysts at Morgan Stanley and BTIG downgraded the stock amid worries about the company's valuation. Shares of Netflix have rallied more than 200% in 2013, and are trading at more than 90 times 2014 earnings forecasts.