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U.S. stocks gain Friday, up for third week to 12,720.48

PostPosted: Sat Jan 21, 2012 3:23 am
by admin
U.S. stocks gain Friday, up for third week to 12,720.48
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- U.S. stocks finished Friday near session highs, with the S&P 500 making a late about-face to end in the green, lifted by well-received results from Microsoft Corp. , International Business Machines Corp. and Intel Corp. . The major indexes rose 2% to nearly 3% for the week, the third straight week of gains. The Dow Jones Industrial Average ended up 96.50 points, or 0.8%, at 12,720.48, led by a 5.7% rally in Microsoft and a 4.4% gain in IBM shares. The S&P 500 ended up 0.9 point, or 0.1%, at 1,315.38. The Nasdaq Composite lost 1.63 points, or 0.1%, to 2,786.70. The broader indexes were dragged by an 8.4% drop in Google Inc. shares.