SAN FRANCISCO (MarketWatch) — The tech sector joined a broad market rally sparked by upbeat employment numbers on Friday, with gains in shares of Google Inc. and Intel Corp. highlighting the advance.
Google climbed 1.2% to post a record close of $1,069.87. The stock reached a new high of $1,070. Intel (INTC) was up 2.3%, closing at $24.82 and the top gainer on the Dow Jones Industrial Average (DJIA) , which was up 199 points on news the U.S. unemployment rate has dropped to 7%.
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Hewlett-Packard (HPQ) also rose 1.7% to close at $27.70, while other major tech issues posted solid gains, including Cisco Systems (CSCO) and Oracle Corp. (ORCL) .
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The Nasdaq Composite Index (COMP) gained 0.7% to close at 4,063. The benchmark ended the week with a 0.1% gain.
The Morgan Stanley High Tech 35 Index (MSH) was up 1.2%, while the Philadelphia Semiconductor Index (SOX) rose 1.1%.
On the downside, shares of Apple Inc. (AAPL) were down 1.4% to close at $560.02, while Twitter Inc. (TWTR) shed 1.5% to close at $44.95.
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