Tech enthusiasm lifts Wall St. but credit worry nags
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Stocks rose on Thursday, led by technology shares, as a reassuring profit and outlook from Oracle Corp  offset nagging concerns about financial companies' exposure to bad debt.
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It's been a strong week for tech offerings, and the momentum may continue.
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The Nasdaq rose on Tuesday after strong profit at Apple Inc.  suggested tech stocks may still have room to grow, while disappointing news from retailers, including Wal-Mart Stores Inc , crimped gains in the broad market.
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U.S. stocks fell on Thursday on mounting concerns that credit market upheaval will erode bank profits and hold back consumer spending, but optimism about corporate investment helped lift technology shares.
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New credit terms help boost the stock, but accounting issues linger.
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Stocks advanced on Tuesday as upbeat outlooks from technology companies boosted the sector and financial shares climbed on expectations the Federal Reserve will cut interest rates next week.
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NEW YORK - Investors sent stocks sharply higher Friday as new economic data showed strength in manufacturing and construction, and Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares. The Dow Jones industrials gained 100 points in morning trading...
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Wall Street rose moderately a day after stocks tumbled amid questions about the strength of the economy and upcoming corporate earnings reports.
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NEW YORK: Wall Street rallied Friday on mostly upbeat economic news, with the technology sector lifted by a shakeup at PeopleSoft that boosted expectations for a high-profile merger.
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US stocks were higher on Thursday after some positive housing data surprised investors and an array of upbeat earnings helped to dispel concerns about the economy.
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Semiconductor sales are good, and the high-tech sector is strong, but analysts worry that U.S. mortgage market woes will affect economies worldwide.
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The stock market surged last week on robust earnings from technology companies.
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NEW YORK -- Wall Street surged higher Thursday as investors welcomed strong earnings from Bear Stearns Cos. and Lehman Brothers Holdings Inc. and another drop in unemployment benefits claims.
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U.S. stocks rose on Friday, led by technology shares after higher-than-expected results from software maker Oracle Corp  and a share buyback from Texas Instruments Inc .
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Shares surged on Wall Street on Friday night, pushing the Dow over 100 points higher, as tech stocks rallied and drug giant Merck staged a 1 per cent rebound following its 26 per cent fall on Thursday.
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U.S. stocks rallied on Tuesday, with the Dow closing at its highest level in 3 1/2 years, boosted by a rebound in beaten-down drugmaker Pfizer Inc. , while tech stocks got a lift from a broker upgrade of Intel Corp. .
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InfoWorld - Amid uncertainty about the greater economy, technology companies are looking good to investors.&#160;Strong earnings from Red Hat this week&#160;and Oracle last week, continued excitement over mergers and acquisitions, and solid forecasts for global component sales have been pushing shares of tech vendors up.