(Updates from 1:36 p.m. ET with closing information.)
NEW YORK ( TheStreet) -- It's been a banner day for tech stocks Tuesday, with a number of notable earnings beats and struggling Finnish phone maker Nokia appearing to be gaining traction with its new Lumia product.
The biggest S&P 500 gainer was Netflix,
the online-entertainment company. It was surging 23.67% to $215.96 after posting earnings on Monday that also trumped Wall Street expectations. The company had more than 36 million streaming subscribers at the end of the quarter, up 3.05 million from the previous quarter.
"NLFX has been an interesting story and I think investors are looking at this as the new hot stock," said Jonathan Corpina, senior managing partner at Meridian Equity Partners in New York.
Wall Street analysts are largely positive after the results, with many of them seeing Netflix becoming even more mainstream in the future.
Meanwhile, Nokia was rising 1.6% to $3.20 after Bloomberg reported that sources close to the plan said the Finnish mobile-phone maker, who's trying to win back users from Apple and Samsung Electronics , struck a deal to get top U.S. wireless carrier Verizon Wireless to sell its new smartphone, the Lumia 928.
Verizon was down 0.17% to $52.10.
Groupon was rising 2.06% to $6.43 as the daily deals site told TechCrunch that it is adding a universal search feature that will let consumers use its iPhone and Android apps to search for marketplace deals that are available nearby, covering not just local discounts that are time-sensitive but rolling offers that are not.
Salesforce.com was gaining 2.5% to $41.33 as the biggest maker of online customer-management software announced a new social advertising application that the company said allows marketers to connect social advertising with their customer data and real-time trends "to maximize return from their advertising dollars."
Facebook was rising 1.23% to $26.29. The social media outlet is reportedly building a data center near Des Moines, Iowa as it tries to power new services in the face of rising smartphone popularity. The company is also redesigning its mobile Pages service that enables quick access to information on local businesses as it expands its presence in mobile services and advertising, potentially increasing its competition with Yelp and Google on similar services.
AT&T, the largest telecommunications company in the U.S., is expected by analysts on Tuesday after the close to post first-quarter earnings of 64 cents a share on revenue of $31.7 billion. In the year-earlier quarter, AT&T earned $3.6 billion, or 60 cents a share, on revenue of $31.8 billion. Shares were up 0.41% to $38.89.
Apple, the iPhone, iPad and iPod maker, was rising 1.78% to $405.77 ahead of its fiscal second-quarter earnings report after the bell. While the expectations are heightened given the lagging stock price, perceived lack of innovation and concerns about its cash hoard, it isn't all bad at Apple.