SAN FRANCISCO (MarketWatch) -- The tech sector was off to a solid start on Friday, buoyed by solid gains from shares of Apple
Corp and chipmakers. Microsoft Corp. recovered from a wobbly start, and was last trading up
nearly 1% to $27.84 a day after posting mostly in-line results. Apple also recovered from losses since its earnings report, gaining 1% to $455.01, even after Goldman Sachs cut its price target by $100. The chip sector also was in rally mode with the Philadelphia Semiconductor Index gaining nearly 2%, as KLA-Tencor saw its stock soar more than 10% after the semiconductor equipment company posted results that beat expectations. The Nasdaq
Composite Index rose 16 points, or 0.5%, to stand at 3,146.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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