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Tech Leads the Dow's Triple-Digit Jump

Dan Carroll
July 11, 2013

Ben Bernanke's spreading his magic around the Dow Jones Industrial Average (INDEX: ^DJI) today. The index has taken another triple-digit leap on quantitative-easing hopes. The Federal Reserve chairman didn't say much about the end of economic stimulus yesterday, nor did the central bank's release of minutes indicate a firm plan to taper easing anytime soon. That's been enough to fuel momentum on the markets: The Dow has taken off by more than 170 points as of 2:25 p.m. EDT, and nearly every stock on the index is in the green. Let's check out the big stories of the day.

Disney paces the Dow's gains
's (NYSE: DIS) taking advantage of the stimulus-fueled day of gains in a big way, with shares up 2.7% so far to rank among the Dow's top stocks. Investors are looking past the company's big-budget sales flop The Lone Ranger, which has been destroyed by competing films at the box office so far. It's safe to say the film won't be earning back its reported $250 million budget after grossing less than $30 million domestically in its opening weekend.

For Disney investors, however, the movie's failure is a reminder of how the big picture matters more than ever for this entertainment goliath. While Lone Ranger is one to forget, Disney is still the company that owns untouchable brands such as Marvel and Star Wars -- the latter of which has industry analysts projecting that Star Wars: Episode VII could rake in more than $1 billion at the box office when it arrives in 2015. With ESPN and a host of other cash cows in its portfolio, Disney can endure a big-budget flop much more easily than other studios.

Microsoft's (NASDAQ: MSFT) also shaking up the Dow today -- but the stock's 2.6% rise owes to the company's own internal shake-up. CEO Steve Ballmer is reorganizing the company into fewer business units and moving management arou