The Motley Fool Previous Page

Led by Microsoft, Big Tech Pulls Stock Market Higher

Matt Thalman
April 10, 2013

Investors have been waiting for earning season to officially begin, and last night it finally happened. Alcoa report better-than-expected earnings, but slightly lower revenue than what most analysts wanted to see. While this didn't overexcite many investors, it also didn't send very many market participants into a selling frenzy this morning. And by the time the closing bell rang, most investors had already turned their attention to other matters, with the markets closing on a high note for the second day in a row.

Stocks rose across the board today and the indexes followed behind. The Dow Jones Industrial Average (INDEX: ^DJI) managed to rise by 59 points, or 0.41%, and closed just a stone's throw away from 14,700, at 14,673. The S&P 500 performed slightly worse, rising 0.34% and resting at 1,568, while the Nasdaq managed to best the rest, pulling itself higher by 0.48%.

Intel's (NASDAQ: INTC) stock rose 3.13% today. The company recently introduced a faster version of the Thunderbolt, and has its chips in the new Hewlett-Packard (NYSE: HPQ) server line called Moonshot. Both Intel and HP have suffered lately as PC sales lagged behind mobile computing devices such as tablets and smartphones, but with the server business steaming up and both companies heavily involved, we should see profits begin to r