US STOCKS-Tech shares lead sharp gains on Wall St after results

viernes 23 de octubre de 2015 15:23 GYT
 

* All three indexes rise to 2-month highs

* Alphabet, Microsoft spark rally in tech stocks

* Indexes up: Dow 1.0 pct, S&P 1.3 pct, Nasdaq 2.6 pct (Updates to late afternoon)

By Caroline Valetkevitch

Oct 23 (Reuters) - A rally in Microsoft and other technology shares pushed U.S. stocks up sharply for a second day on Friday as earnings came in stronger-than-expected, while healthcare shares rebounded from recent losses.

An unexpected rate cut in China added to the positive tone.

Microsoft shares rose 11.6 percent to $53.66, their highest in 15 years, after the company's adjusted revenue beat expectations for the ninth quarter in a row.

Microsoft gave the biggest boost to the three indexes, accounting for a fifth of the Dow's gain and leading a strong rally in technology stocks. The S&P technology sector jumped 3.4 percent, leading sector gains for the benchmark.

Alphabet, Google's new holding company, and Amazon soared to record highs after their results beat expectations. Alphabet was up 7.5 percent at $732.44, while Amazon rose 7.2 percent to $604.77.   Continuación...