Stocks Close With Modest Gains After Facebook Soars

NEW YORK (July 25, 2013)--Technology stocks fared far better than the rest of the market Thursday as stocks closed with modest gains.

Facebook soared 30 percent to $34.36 after reporting earnings late Wednesday that easily beat the forecasts of Wall Street analysts as mobile ad revenue rose.

The Dow Jones industrial average edged up two points, just 0.02 percent, to close at 15,544.

The Standard & Poor's 500 index rose four points, or 0.03 percent, to end at 1,690.

The tech-heavy Nasdaq composite rose 19 points, or 0.6 percent, to close at 3,599.

Home builder PulteGroup plunged 12 percent to $16.16 after reporting a 14 percent drop in profits.

Rising and falling stocks were evenly split on the New York Stock Exchange where volume was very light at 1.9 billion shares.


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