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- The 2014 Big Picture on Cyber Security
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- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
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- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
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- Gov Cloud Minute
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- The Next Generation Cyber Security Experts
Shows & Panels
S&P 500 reaches new high, led by tech
Monday - 4/29/2013, 9:40pm EDT
NEW YORK (AP) -- Technology companies are leading the stock market higher, pushing the Standard & Poor's 500 index to another record high.
A pair of strong economic reports also encouraged investors Monday. Wages and spending rose in the U.S. last month, and pending home sales hit their highest level in three years.
The S&P 500 closed at 1,593, a fraction above its previous record high reached on April 11. It rose 11 points Monday, or 0.7 percent.
The Dow Jones industrial average closed up 106 points at 14,818, a gain of 0.7 percent.
Major tech companies had the biggest gains in the Dow: Hewlett-Packard, Microsoft and IBM.
Three stocks rose for every one that fell on the New York Stock Exchange. Volume was light at 2.8 billion shares.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.