Stocks Bounced Back, Microsoft, Google Lift Techs
- Friday, April 19, 2013, 16:56
- Stock Market
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U. S. stocks rose on Friday as earnings from Microsoft, Google and other companies boosted technology shares. The Dow Jones Industrial Average rose 10.37 points, or 0.07%, to 14,547.51, down 2.1% from last Friday’s close. The S&P 500 index added 13.64 points, or 0.88%, to 1,555.25, leaving it with a 2.1% weekly decline. The Nasdaq Composite advanced 39.70 points, or 1.25%, to 3,206.06, off 2.7% for the week.
U.S. regulators on Friday approved a revamped battery system for Boeing Co’s 787 Dreamliner, a crucial step in returning the high-tech jet to service after it was grounded in January because the plane’s lithium-ion batteries overheated.
BP (BP.L) is reviewing its biggest new oil project in the Gulf of Mexico, due to rising development costs across the industry, and could delay the $10 billion scheme.
Gold futures ended higher for a second straight session Friday. Gold for June delivery rose
$3.10, or 0.2%, to settle at $1,395.60 an ounce on the Comex division of the New York Mercantile Exchange.
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