Wall Street ekes out gains, led by tech, growth stocks [Reuters]
Microsoft Corporation (MSFT)
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Source: Reuters
Intel dips in extended trading after raising revenue guidance Indexes up: Dow 0.07%, S&P 0.20%, Nasdaq 0.36% NEW YORK, July 22 (Reuters) - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks. A pull-back in economically sensitive cyclicals kept the S&P 500's and the blue-chip Dow's gains muted, while small-caps (.RUT) underperformed their larger rivals. But megacap tech and tech-adjacent stocks, such as Microsoft Corp (MSFT.O) , Amazon.com (AMZN.O) , Apple Inc (AAPL.O) , Facebook Inc (FB.O) and Alphabet Inc (GOOGL.O) , rose ahead of their quarterly results next week, putting the Nasdaq out front. All three major U.S. stock indexes ended the session within 1% of their record closing highs. Growth stocks (.IGX) , which outperformed throughout the health crisis, were back in favor, gaining 0.8%, while the value index (.IVX) slipp
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