Tech Up on Earnings, Japanese Stimulus -- Information Technology Roundup
31 October 2014 - 09:19PM
Dow Jones News
The tech sector rose as investors embraced Japan's monetary
policy shift and a relatively strong round of earnings. Sony
rallied as investors bet the Japanese exporting giant would benefit
from the Bank of Japan's unexpected yen-weakening program of
quantitative easing.
LinkedIn rallied after the business-networking site posted
stronger-than-anticipated quarterly earnings. Similarly, Groupon
surged after the discounter's quarterly sales surpassed the Wall
Street peg. GoPro rose after the maker of helment-mounted cameras
swung to a quarterly profit on sales growth. Microsoft rose as the
software giant unveiled its entry into the market for wearable
devices.
-Rob Curran, rob.curran@dowjones.com