Computer Stocks Push Nasdaq Up 21 to Record: Broader Market Mixed; Dow Rises 1 Point
NEW YORK, July 14ÛÓBig-name computer stocks drove the Nasdaq market to a record close for the eighth straight session today, but broader stock market indexes ended nearly unchanged after an early foray toward new highs.</br></br>The Dow Jones industrial average rose 1.16 points to close at 7922.98 after erasing a 61-point deficit in the last half-hour of trading. The Dow turned lower in the afternoon alter surrendering a 29-point gain that put the blue-chip barometer within 50 of the 8000 mark.</br></br>The technology-oriented Nasdaq composite index rose 21.26 points, to 1523.88, giving it an eight-session gain of 85 points, or nearly 6 percent</br></br>Microsoft which reports on its second-quarter profits on Thursday, jumped 6-3/16 to 135-15/16, and Dell Computer rose 47/e to 14254 on top of Friday's 9-point surge to lead MondayÛªs Nasdaq advance.</br></br>On the New York Stock Exchange, meanwhile, Hewlett-Packard rose 4-1/16, to 65-1/16, as the DowÛªs biggest gainer, and Compaq Computer rose 4%, to 12814.