US stocks jump on rally in Microsoft, other big tech
US stocks jumped on Wednesday on a rally in Microsoft and other big tech stocks.
The S&P 500 rose 0.2% in early trading.
The Dow Jones Industrial Average gained 58 points, or 0.2%, at 33,589, while the Nasdaq composite advanced 0.9%.
Microsoft stock rallied 7% after the company reported stronger profit for the first quarter. Microsoft is the second largest stock in the S&P 500 index.
Google shares were up 0.7% after paring an earlier loss. Google-parent Alphabet posted better than expected earnings on Tuesday.
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