By Benjamin Pimentel, MarketWatch
SAN FRANCISCO (MarketWatch) -- The tech sector joined a broad
market rally sparked by upbeat employment numbers on Friday, with
gains in shares of Google Inc. and Intel Corp. highlighting the
advance.
Google climbed 1.2% to post a record close of $1,069.87. The
stock reached a new high of $1,070. Intel (INTC) was up 2.3%,
closing at $24.82 and the top gainer on the Dow Jones Industrial
Average (DJI) , which was up 199 points on news the U.S.
unemployment rate has dropped to 7%.
Hewlett-Packard (HPQ) also rose 1.7% to close at $27.70, while
other major tech issues posted solid gains, including Cisco
Systems(CSCO) and Oracle Corp.(ORCL) .
The Nasdaq Composite Index (RIXF) gained 0.7% to close at 4,063.
The benchmark ended the week with a 0.1% gain.
The Morgan Stanley High Tech 35 Index (MSH) was up 1.2%, while
the Philadelphia Semiconductor Index (SOX) rose 1.1%.
On the downside, shares of Apple Inc. (AAPL) were down 1.4% to
close at $560.02, while Twitter Inc. (TWTR) shed 1.5% to close at
$44.95.
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