Strong earnings from tech giants nudged the stock market to a five-year high Wednesday. Investors drew encouragement from a vote by the House to let the government keep paying all its bills for four more months.
Google and IBM reported surprisingly solid fourth-quarter earnings late Tuesday, a hopeful sign for investors who expected tech companies to struggle at the end of last year.Google gained 6 percent after its earnings climbed as online advertisers spent more money in pursuit of holiday shoppers. Google rose $38.63 to $741.50.But another tech giant, Apple, fell in after-hours trading after reporting sales that fell short of forecasts.Advanced Micro Devices jumped 11 percent, making it the top stock in the Standard & Poor's 500.The world's second-largest maker of microchips, behind Intel, posted a smaller loss and higher revenue than analysts had forecast.AMD rose 28 cents to $2.73.-- The Associated PressHave more to add? News tip? Tell us
