Wall Street ends higher on Microsoft and Countrywide


Stocks finished higher on Friday after an increased profit forecast by Microsoft Corp. boosted all three major indexes, while an upbeat outlook by lender Countrywide Financial Corp. stemmed fears of financial-sector losses.

According to the latest available data, the Dow Jones industrial average gained 134.78 points, or 0.99 percent, to end unofficially at 13,806.70. The Standard & Poor's 500 Index rose 20.88 points, or 1.38 percent, to finish unofficially at 1,535.28. The Nasdaq Composite Index climbed 53.33 points, or 1.94 percent, to close unofficially at 2,804.19.

For the week, the Dow rose 2.10 percent, the S&P 500 added 2.31 percent and the Nasdaq gained 2.90 percent.


Reuters
10/26/2007 1:48:07 PM