Updated from 4:04 p.m. EDT
An earnings beat by Microsoft (MSFT Quote) and the promise of a fourth-quarter profit from Countrywide (CFC Quote) lifted traders' spirits Friday, even as crude continued its record-breaking journey.
The Dow Jones Industrial Average closed at its best level of the session, rising 134.78 points, or 0.99%, at 13,806.70, and the S&P 500 improved by 20.88 points, or 1.38%, to 1535.28. The Nasdaq Composite was sharply higher, up 53.33 points, or 1.94%, at 2804.19.
Leading tech to the upside was Microsoft, who jumped 9.5% to $35.03. Late Thursday, the software giant easily beat estimates with its fiscal first-quarter earnings and revenue. Microsoft also guided higher for its fiscal second quarter and the full year. ...
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