Tech Rally Sends Dow Up 257

By Harry Kimball,  Newser Staff
Posted Jul 15, 2009 3:13 PM CDT
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
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(Newser) – The tech sector drove a substantial market rally today led by rosy projections from chipmaker Intel, the Wall Street Journal reports. Other technology stocks followed Intel—up 7.5%—as investors predicted a resurgence of the consumer electronics market. Good news from the Fed and the credit industry also helped fuel the surge. The Dow was up 257.62, or 3.1%, to 8,616.21. The S&P gained 26.83, to 932.67. And NASDAQ tacked on 63.17 to end at 1,862.90.