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Stocks rise on strength in technology sector

Stocks rise on strength in technology sector

Stocks are climbing in early trading following signs of strength in the technology sector.
Strong profit reports from BlackBerry maker Research in Motion and software company Oracle are encouraging investors because it means companies are investing in new technology, often considered a leading indicator for an improving economy.
Investors are trying to restart a September rally Friday that has lost some momentum in recent days.
A report later Friday on consumer sentiment could provide an additional lift to stocks.
The Dow Jones industrial average is up 34, or 0.3 percent, at 10,629. The S&P 500 is up 5, or 0.5 percent, at 1,130, while the Nasdaq composite is up 16, or 0.7 percent, at 2,319.


Updated : 2021-10-18 04:05 GMT+08:00