Good Earnings News Sends Stocks Higher

NEW YORK (October 25, 2013) Reports of earnings gains from big U.S. companies pushed stocks higher at the close Friday.

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 end at 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 close at 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 where volume was average.


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