Nasdaq ends up on chipmaker earnings (Reuters)
NEW YORK (Reuters) – Investors poured into tech shares on Friday as promising chipmaker earnings and optimism a solution was on the horizon for the U.S. debt stalemate triggered a move into growth-oriented shares.
Based on the latest available data, the Dow Jones industrial average (.DJI) fell 42.95 points, or 0.34 percent, to end unofficially at 12,681.46. The Standard & Poors 500 Index (.SPX) was up 1.22 points, or 0.09 percent, at 1,345.02. The Nasdaq Composite Index (.IXIC) was up 24.40 points, or 0.86 percent, at 2,858.83.
For the week, the Dow ended up 1.6 percent, the S&P 500 gained 2.2 percent and the Nasdaq roe 2.5 percent.
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July 21, 2011
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Posted by Stephanie Sharland
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