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Tech Surge Leads Upswing

Stock quotes in this article: CSCO , WMT , LTD , SHRP , JDSU , INTC , FD  

Updated from 4:14 p.m. EST

Tech stocks charged ahead and blue chips used a late rally to close slightly higher, shaking off early weakness and overcoming a selloff in mining and energy shares.

The Dow Jones Industrial Average added 6.17 points, or 0.05%, to 12,480.69, and the S&P 500 was up by 1.74 points, or 0.12%, at 1418.34. The Nasdaq Composite jumped 30.27 points, or 1.25%, to 2453.43.

Chip giant Intel (INTC Quote) helped to boost the tech-heavy Nasdaq. Shares rose 3.7% after Banc of America raised its first-quarter and full-year 2007 earnings estimates for the company. ...

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