Stocks seesawed throughout the session, shifting between optimism and pessimism on a variety of factors, including technical resistance at the S&P 200-day moving average, the euro’s weakness, and supportive labor market data.
Technology shares, among the biggest beneficiaries of an economic recovery, led the rally, with the Philadelphia semiconductor index .SOXX up 1.2 percent. Microsoft Corp (MSFT.O) rose 1.5 percent to $26.86 after Chief Executive Steve Ballmer said the company will continue to prosper even as the transition from PCs to other devices poses a “potential tumult.
Full story: Wall Street advances as tech soars | Reuters