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Tech earnings drive stocks up; Microsoft leads Dow


October 25. 2013 4:37PM
Associated Press



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(AP) Earnings gains from big U.S. companies are pushing the stock market higher.


Microsoft led the Dow Jones industrial average up after reporting a jump in sales of tablet computers.


The Dow rose 61 points, or 0.4 percent, to close at 15,570 Friday.


The Standard & Poor's 500 rose seven points, 0.4 percent, to 1,759, another record high. The S&P also closed at a record high Tuesday.


The Nasdaq composite rose 14 points, or 0.4 percent, to 3,943.


Technology stocks were among the biggest gainers.


Microsoft rose $2.01, or 6 percent, to $35.73 after beating analysts' forecasts for revenue and earnings. The company is shifting from PC-based software to devices and services.


Three stocks rose for every two that fell on the New York Stock Exchange. Volume was average.


Associated Press


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