Technology stocks leading gains on Wall St; S & P 500 cancels … – UOL

By Caroline Valetkevitch

(Reuters) – Major stock indexes in the United States closed sharply higher on Friday for the second consecutive session, boosted by a rally in the technology sector after results above expectations . companies such as Microsoft, and recovery of health actions

The Dow Jones industrial average rose 0.9 percent, to 17,646 points, while the S & P 500 gained 1.1 percent, to 2,075 points. The technology index Nasdaq advanced 2.27 percent to 5,031 points

The gains put the S & amp;. P 500 into positive territory for the year and above the daily moving average of 200 days, both for the first time since August 19.

The unexpected cut in interest rates in China reinforced the positive tone for the equity market in the US, which also recorded gains on the week’s accumulated.

The actions Microsoft rose 10.1 percent, to $ 52.87, highest level in 15 years, after income adjusted exceed expectations for the ninth quarter in a row.

Microsoft gave the biggest boost to the three stock indices and led the strong rally in the technology sector. The sector index in the S & amp;. P 500 jumped 3 percent, leading gains among the major sectoral indices

The Alphabet, new holding company Google, and Amazon advanced to intraday records after its results exceed expectations . The Alphabet closed up 5.6 percent at $ 719.33, while Amazon rose 6.2 percent, to $ 599.03.

Facebook Inc. and Twitter also advanced, with the action of Facebook closing above $ 100 for the first time.

“It was driven by good results” of a number of companies, said Giri Cherukuri operator, at OakBrook Investments LLC. “Companies with large international exhibition suffer from the exchange, but looking beyond that, the companies are doing well.”

For the week, the Dow rose 2.5 percent, the S & P 500 advanced 2.1 percent and the Nasdaq jumped 3 percent.

The S & P now is up 0.8 percent year and 7.1 percent in October

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