“Technology stocks closed with broad gains Monday, with most bellwethers flexing their muscles along with the rest of the market following reports that a deal could be near to help bail out the U.S. auto industry bring some stability to the current economic situation,” Rex Crum reports for MarketWatch.
“The tech-heavy Nasdaq Composite Index rose 62.4 points, or more than 4%, to close at 1,571,” Crum reports.
“Among tech stocks, gains came from Apple Inc. (AAPL: 99.72, +5.72, +6.1%) , Microsoft Corp. (MSFT: 21.01, +1.14, +5.7%) , IBM Corp. (IBM: 84.86, +4.27, +5.3%) , Cisco Systems Inc. (CSCO: 17.25, +1.31, +8.2%) and Hewlett-Packard Co. (HPQ: 35.23, +1.70, +5.1%),” Crum reports.
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