The stock market rose Friday, clawing back from three days of declines. Shares of technology companies got a lift after Intel said business demand for computers had picked up.
KEEPING SCORE: The Standard & Poor's 500 index climbed four points, or 0.2 percent, to 1,934 as of 2:05 p.m. Eastern time. The Dow Jones industrial average rose 24 points, or 0.1 percent, to 16,757. The Nasdaq composite gained 12 points, or 0.3 percent, to 4,309.
THE CHIPS ARE UP: Intel jumped $1.92, or 6.9 percent, to $29.88 after the company said late Thursday that sales of business computers have been stronger than expected, and raised its revenue forecast. The company also said it expects higher profit margins. The news made Intel one of the top stock gainers in the S&P 500 index on Friday.
A sign for Wall St. is shown outside the New York Stock Exchange, Monday, July 15, 2013 in New York. Most world stock markets fell Friday June 13, 2014 after poor U.S. retail sales data but benchmarks in China gained after an economic report bolstered optimism about the world's No. 2 economy. Oil prices pushed higher as an insurgency spiraled in Iraq. (AP Photo/Mark Lennihan)
KEEPING SCORE: The Standard & Poor's 500 index climbed four points, or 0.2 percent, to 1,934 as of 2:05 p.m. Eastern time. The Dow Jones industrial average rose 24 points, or 0.1 percent, to 16,757. The Nasdaq composite gained 12 points, or 0.3 percent, to 4,309.
THE CHIPS ARE UP: Intel jumped $1.92, or 6.9 percent, to $29.88 after the company said late Thursday that sales of business computers have been stronger than expected, and raised its revenue forecast. The company also said it expects higher profit margins. The news made Intel one of the top stock gainers in the S&P 500 index on Friday.
A sign for Wall St. is shown outside the New York Stock Exchange, Monday, July 15, 2013 in New York. Most world stock markets fell Friday June 13, 2014 after poor U.S. retail sales data but benchmarks in China gained after an economic report bolstered optimism about the world's No. 2 economy. Oil prices pushed higher as an insurgency spiraled in Iraq. (AP Photo/Mark Lennihan)
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