Gains in tech stocks extend Wall Street's rallyNEW YORK — Investors piled into technology stocks again to extend the market's rally.
How the major stock indexes fared on ThursdayTech shares pulled the market higher again Thursday, a day after stocks surged on a strong forecast from chip maker Intel Corp. The tech-heavy Nasdaq advanced for the seventh straight day and closed at its highest level since October as traders anticipated strong reports after the bell from Internet search company Google Inc. and computer maker International Business Machines Corp. Earnings from both companies beat estimates.
Google 2Q profit up 19 pct amid slowing ad salesSAN FRANCISCO — Google Inc.'s Internet ad sales grew at its slowest rate ever during the spring, forcing the online search leader to tighten its belt another notch to propel its second-quarter profit above analyst estimates.
IBM raises guidance, profit blows past forecastsSAN FRANCISCO — IBM Corp. blew away second-quarter profit projections and jacked up its full-year earnings forecast Thursday, a rare sign of confidence from a major corporation amid the recession.
Sun shareholders approve $7.4B Oracle dealSAN FRANCISCO — Sun Microsystems Inc.'s shareholders have approved the $7.4 billion sale of the struggling company to business software maker Oracle Corp.
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