Tech stocks: Amazon reaches $300

Shares of online retailer Amazon flirt with a key milestone. Let's take a look at the tech stocks to watch Friday.

Amazon hits $300. The company's stock price briefly reached the $300 mark before quickly dipping back down to $298.63.

Shares of Amazon have surged in the past year, adding nearly $85 in value since hitting a 52-week low of $215.36 on this day a year ago.

The reason for Amazon's latest surge? As Paste BN's Matt Krantz notes, investors are confident Amazon will reap benefits from a federal judge's ruling that Apple conspired with book publishers to raise the price of e-books.

Nokia down after phone announcement. Shares of the smartphone maker have dropped 1.43%, a day after it unveiled its latest Windows smartphone with an astonishing 41-megapixel camera.

The device will be available for $299.99 starting July 26 exclusively for AT&T's wireless network. The smartphone features a 4.5-inch HD display and a sophisticated camera with Zeiss optics, xenon flash and a manual shutter.

Follow Brett Molina on Twitter: @bam923.