Dow Ends Day Up 157
S&P 500, Nasdaq also up
By Newser Editors and Wire Services
Posted Oct 23, 2015 3:20 PM CDT
Specialist James Sciulli, right, works with traders on the floor of the New York Stock Exchange, Friday, Oct. 23, 2015. Technology shares are surging in early trading after several big-name companies...   (Richard Drew)
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(Newser) – A surge in big-name technology shares helped push the stock market back into the black for the year. Microsoft, Amazon, and Google's parent company Alphabet closed sharply higher Friday. All three released surprisingly strong results the day before. The Nasdaq composite, which is heavily weighted with technology stocks, rose 111 points, or 2.3%, to 5,031. The Dow Jones industrial average rose 157 points, or 0.9%, to 17,646. The Standard & Poor's 500 index climbed 22 points, or 1.1%, to 2,075. The gains put the S&P 500 higher for the year, making up much of the ground it lost in a swoon in August and September. Bond prices fell. The yield on the 10-year Treasury note rose to 2.08%.