Thursday, March 15, 2012

Stocks gain 44

NEW YORK Stocks rose modestly today, extending this week'sblue-chip rebound after a one-day pause, but technology sharescontinued to struggle despite a strong profit report from Microsoft.

The Dow rose 44.95 points to close at 6,703.55, bringing theweek's gain to about 310 points.

The Nasdaq composite index was up just 5.47 at 1,222.54 even asMicrosoft surged 9 1/2 to 107 5/8. The software giant smashed WallStreet's expectations late Thursday by reporting an 85 percentimprovement in profits for the first three months of the year.``Even though Microsoft said that its earnings can't stay thisgood, the market is ignoring that and buying it,'' said Alfred E.Goldman, …

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