Tech Titans Dominate the Dow
Apr 29th 2013 2:03PM
Updated Apr 29th 2013 3:05PM
Today's list of top performers on the Dow Jones Industrial Average reads like a Who's Who of the tech industry.
Hewlett-Packard led the pack with a 2.3% gain. The Silicon Valley veteran started bouncing on Friday on rumors that activist investor Carl Icahn is building a stake in the company. Icahn's camp did nothing to defuse this chatter over the weekend, and the fires were stoked further by HP's Slate 7 tablet hitting an enthusiastic review circuit. The low-cost Android device appears to give Google's own Nexus 7 a run for its money.
Next, IBM shares jumped 2.2%. Thanks to Big Blue's heavy weight in the Dow's price-weighted system, this move alone accounted for about one-third of the Dow's total points gain. The stock is clawing its way back from a disappointing earnings report earlier this month. IBM is currently hosting its annual IBM Impact conference in Vegas, and investors seem to enjoy the new products that are on tap. The DreamFace application, for example, underscores IBM's commitment to flexible analysis tools for big-data problems.
Third, you'll find Microsoft gaining 2.1%. Redmond just added a slate of new networking tools to its Windows Azure cloud-computing platform, and the freshly unveiled IllumiRoom projector paints an innovative picture of the holiday season's Xbox 720 gaming console. IllumiRoom, plus the already-familiar Kinect control interface, add up to serious innovation in the gaming space -- and the industry could sure use some new tricks.
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The article Tech Titans Dominate the Dow originally appeared on Fool.com.Fool contributor Anders Bylund owns shares of Google, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of IBM and Google. Motley Fool newsletter services have recommended buying shares of Google. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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