May 27, 2011

U.S. stocks follow Microsoft, retailers higher

U.S. stocks closed higher Thursday as technology and consumer discretionary stocks countered the weight of weaker-than-forecast jobless claims and first-quarter economic growth.

The Dow Jones Industrial Average finished up 8.10 points, or 0.1%, to close at 12,402.76. The Nasdaq Composite Index led the rise in equity markets, boosted by shares of Microsoft, which make up about 5% of the index’s weighting. The Nasdaq Composite rose 21.54 points, or 0.8%, to close at 2,782.92.

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