US STOCKS-Wall St rallies as China rate cut adds to tech gains

viernes 23 de octubre de 2015 11:33 GYT

* All three indexes rise to 2-month highs

* Alphabet, Amazon, Microsoft spark rally in tech stocks

* Pandora, Skechers sink after poor results

* Whirlpool gives up early gains, turns negative

* Indexes up: Dow 0.50 pct, S&P 0.69 pct, Nasdaq 1.84 pct (Adds details, comment, updates prices)

By Abhiram Nandakumar

Oct 23 (Reuters) - All three major U.S. indexes rose to two-month highs on Friday, after an unexpected rate cut in China amplified a rally driven by strong results from Microsoft, Alphabet and Amazon.

Microsoft's shares rose 11.61 percent to $53.61, 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 third of the near 100-point jump in the Dow and leading a strong rally in technology stocks.   Continuación...