NEW YORK (TheStreet) -- Another day, another wild ride for tech stocks on Wall Street.
Tuesday was certainly another unpredictable day for Apple (AAPL) - Get Apple Inc. (AAPL) Report, as the technology giant clawed back from its recent market losses and ended the day in positive territory, closing at $103.74 a share -- a gain of 62 cents or .60%.
The tech giant's impact on the market in recent days cannot be overstated.
"Apple has become a huge influence on the entire tech sector, not just the stock market," Tim Bajarin, principal analyst with Creative Strategies, told the San Jose Mercury News.
Apple, which is headquartered in Cupertino, Calif., also got a boost after the CEO of Best Buy (BBY) - Get Best Buy Co., Inc. Report said that demand for the Apple Watch has been strong and that the retailer will soon sell the product in all its stores, according to a report in SiliconBeat.
Among major stock indexes Tuesday, the Dow Jones Industrial Average declined by 1.3%. The S&P 500 dropped by 1.35%, and the Nasdaq ended the day down 0.44%. The declines came despite an early morning rally on Wall Street.
Netflix (NFLX) - Get Netflix, Inc. (NFLX) Report, the online media company based in Los Gatos, Calif., saw its shares jump by 4.79% Tuesday, closing at $101.52, a gain of $4.64 a share. The company suffered big market losses on Monday, as well as last Friday.
The company had no major news to report, but investors appear to be tuning in again after several days of volatility.
Netflix did announce a deal with Japan's SoftBank Group as it prepares to launch a video streaming service in Japan next month, according to a CNBC report.
Shares of Intel (INTC) - Get Intel Corporation (INTC) Report declined by 1.45% Tuesday to close at $25.87, a drop of 38 cents a share. The company's shares were trading at $36.36 at the beginning of the year.
Among other tech giants, Microsoft (MSFT) - Get Microsoft Corporation (MSFT) Report shares dropped by 2.9% Tuesday, closing at $40.47, a loss of $1.21. Twitter's (TWTR) - Get Twitter, Inc. Report stock had another rough day, falling 3.14% to close at $24.38, a decline of 79 cents a share.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.