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Tech Stocks Rise Ahead of Google

Fri, 07/17/2009 - 10:58am

By Tim Paradis, AP Business Writer

NEW YORK (AP) -- Investors are pushing stocks higher on hopes for more good earnings from big technology companies.

Tech shares pulled the market higher again today, a day after stocks surged on a strong forecast from chip maker Intel Corp.

The Nasdaq advanced for the seventh straight day ahead of profit reports from Internet search company Google Inc. and computer maker International Business Machines Corp. The Dow Jones industrial average is up 96 at 8,712. The S&P 500 index is up 8 at 941. The Nasdaq composite index is up 22 at 1,885.

Two stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.2 billion shares.

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