Dow stops 3-day slide behind tech stocks
NEW YORK — The stock market broke a three-day slide yesterday as stronger results at two big technology companies bolstered confidence about a comeback in the economy.
Tech stocks pulled the market higher in choppy trading that brought record volume to the New York Stock Exchange. Software company Oracle Corp. and BlackBerry maker Research In Motion Ltd. each posted earnings that topped expectations.
After a volatile morning, the market settled out in the afternoon as investors looked to close their books for the year. Trading will be shortened next week because of the Christmas holiday on Friday.