Technology stocks lead Wall Street higher
THE ASSOCIATED PRESS November 27, 2013 7:26AM
Stocks moved lower Friday after the U.S. government disappointed investors with news that hiring slowed down sharply last month. | AP file photo
Updated: November 27, 2013 3:29PM
NEW YORK — The stock market closed higher Wednesday, with technology companies leading the way.
The Dow Jones industrial average rose 24 points, or 0.2 percent, to close at 16,097.33 Wednesday. The Standard & Poor’s 500 index rose four points, or 0.3 percent, to 1,807.23. The tech-heavy Nasdaq gained the most — rising 27 points, or 0.7 percent, to 4,044.75.
Gains in the broader market were led by technology companies. Hewlett-Packard, which surged $2.27, or 9 percent, to $27.36, rose the most in the S&P 500 index. The world’s second-largest maker of PCs earned $1.4 billion in its fiscal fourth quarter and issued a strong profit forecast for its current quarter.
The Nasdaq composite continued its upward march after closing above the 4,000 mark for the first time in 13 years on Tuesday.