Tech stocks rise to boost New York stock market gains

Xinhua News Agency in New York on February 15 led by the rise in technology stocks, the vast majority of stock indexes in the New York stock market rose on the 15th. Among them, the Nasdaq Composite Index, which is dominated by technology stocks, rose by 61.51 points to close at 2,552.91 points, an increase of 2.47%. The Dow Jones Industrial Average 30 index rose 95.61 points to close at 10891.02 points. Shares of Hewlett-Packard’s technology stocks Hewlett-Packard Co., IBM Corp. and Intel Corp. rose. Some technology stocks rose sharply after some Fed officials expressed optimism about the economic outlook and telecom equipment maker Sinar reported a five-fold increase in its quarterly profit. Sinar shares rose 16% to reach $89 per share. The Standard & Poor's 500 stock index, the New York Stock Exchange Composite Index and the Russell 2000 index representing small companies all rose, but the US stock exchange market price index fell slightly. The ratio of rising stocks to declining stocks on the New York Stock Exchange was 6 to 5, and the trading volume increased from 1.11 billion in the previous trading day to 1.12 billion. (Finish)

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