Tech stocks soared Tuesday as Google’s IPO hit a record high.
Tech stocks in the S&P 500 index, which tracks a broader swath of stocks in technology, have soared more than 60% this year.
Shares of LinkedIn rose more than 6%.
The S&s have gained more than 500% this century, according to FactSet data.
Twitter also gained more.
The social media platform posted its best quarterly earnings in years, as it posted record revenue and revenue growth.
The stock has been on a tear lately, up more than 300% this month.
is also enjoying record profits.
The company reported that it has sold more than 9 million shares since the end of the year, up from about 1 million in its last earnings report.
Facebook has also been on an upswing.
The tech social network reported a record quarter, with its shares up more in the first quarter than any other company in history.
The online service also added 1 million new users this year, a gain of more than 2 million from the year before.
Facebook also reported strong quarterly revenue, up 3% to $3.65 billion.
Twitter reported its biggest quarterly profit ever, and its stock has gained more this year than in the past decade.
Shares in LinkedIn jumped more than 7% after the company reported its second straight quarter of revenue growth and revenue gains, according a Bloomberg report.
Shares were up nearly 12% in the hours before the company announced its third-quarter results.
Yahoo said it has more than 20 million users and is the largest U.S. online destination for brands, with a market value of $50 billion.
The search engine’s stock has increased more than 3,000% this quarter, more than double the stock’s gain in the same period a year ago.
Shares rose nearly 4% after news of the company’s earnings beat expectations.
The Wall, a publication of The Wall St. Journal, reported Tuesday that Google’s revenue increased by 7.4% to about $2.5 billion.
Google is on pace to post revenue of $6.3 billion this year and has posted double-digit gains for three consecutive quarters.
Google said it was also on track to reach a record $5.2 billion in revenue for the full year.
Google also said it had added a record 2.5 million employees to the ranks of the business operations team, which is responsible for marketing, product and business development, and operations and maintenance.
The job numbers are important because Google is the company with the highest growth in its work force.
The Google CEO, Sundar Pichai, said in a statement that Google is “on track to create more than 30,000 new full-time jobs in the coming years.”
Google is also planning to add 10,000 people to its workforce, as part of a larger plan to grow its workforce to more than 200,000.
Google has been expanding its presence in the United States, as well.
It announced Tuesday that it will begin hiring for a $1 billion campus in Mountain View, California, to develop and expand its data center in the San Jose, California area.
Google already has campuses in New York, Los Angeles and San Francisco.
Google, however, said it plans to hire another 10,500 people in the Bay Area by the end.
Google will also be expanding its manufacturing facility in the U.K. with plans to build out its factory there by the middle of next year.
Alphabet Inc., which owns Google, is the parent company of Google.
The IPO price for Google was $19.99 per share.