Microsoft upgrade caps strong month for stocks
InternetNews | at | by Mike
Microsoft led the tech sector higher on Tuesday, capping the best month for stocks since 2002.
Microsoft shares gained 5% after Davenport & Co. upgraded the stock, citing improving PC demand in the U.S., China and Japan, the potential for inventory restocking in Europe, and the upcoming release of Windows 7.
The Nasdaq ended the day 1.8% higher but off its best levels after a bout of late selling and up nearly 11% for the month.