Tech Shares Rise, Stocks Close Higher

NEW YORK (January 23, 2013)--Technology stocks led stocks to a higher close Wednesday after strong earnings reports from Google and IBM.

The Dow Jones industrial average rose 66 points to end the day at 13,779 Wednesday.

Without the boost it got from IBM, the Dow would have closed flat.

The Standard & Poor's 500 index edged up two points to close at 1,494.

The Nasdaq composite rose 10 points to end the day at 3,153.

Investors were also encouraged by the House of Representatives vote to let the government keep paying its bills for another four months, delaying the threat of a disastrous default by the U.S. government on its debt.

Falling stocks narrowly outnumbered rising ones on the New York Stock Exchange where volume was in line with the recent average, 3.5 billion shares.

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