Loading…
Sunday, September 21, 2014
Current Weather
Loading Current Weather....
Published: Saturday, 1/21/2012

IBM, Microsoft push Dow average higher

BLADE STAFF AND NEWS SERVICES

NEW YORK — IBM and Microsoft Corp. drove the Dow Jones industrial average higher Friday after the tech giants reported stronger-than-expected profits.

The Dow rose 96.50 points to close at 12,720.48. Without the huge gains in IBM and Microsoft, the Dow would have risen just 24 points.

The S&P 500 index inched up 0.88 to 1,315.38. Both the Dow and S&P ended the week with gains of more than 2 percent. The Nasdaq index fell 1.63 points to 2,786.70 but ended the week with a gain.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.