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US STOCKS-S&P knocks on 1,500 barrier as tech earnings extend rally
Reuters: Industrials
Wed, 23 Jan 2013
NEW YORK, Jan 23 (Reuters) - The S&P 500 extended its winning streak to six days on Wednesday after stronger-than-expected profits from IBM and Google alleviated investor concerns about the technology sector.
Cyclical and economic concerns have hampered the tech sector but are also creating potential buying opportunities in large- and mid-cap names, according to Morningstar's Grady Burkett.