All three major indices posted gains on the last trading day of the week. However, focus was on the outperforming NASDAQ, after Microsoft’s Steve Ballmer announced that his 13-year tenure as CEO will come to an end within the next 12 months, pushing the Co.’s shares up 7%. Elsewhere, home-builders comprised much of the laggard list, after US new home sales data posted a firm miss on expectations. Nonetheless, equity markets went on to rally into the close of trade, as a significant pick-up in volume was observed. Finally the DJIA finished up 0.31% at 15010.36, the S&P 500 up 0.39% at 1663.47 and the NASDAQ 100 up 0.72% at 3124.27.
23 Aug 2013 - 22:05 - - Source: RANsquawk
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