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    September 21, 2007

    Wall Street sees gains on tech, oil shares

    Filed under: Chevron, ExxonMobil, ConocoPhillips, Administaff, Oracle, Texas Instruments, Google

    New York markets were higher just after noon on Friday, helped by news from the tech and oil sectors.

    The Dow Jones Industrial Average was 0.79 percent higher to 13,874.90, while the Nasdaq Composite had added 0.92 percent to 2,678.64 and the S&P 500 had gained 0.8 percent to 1,530.89.

    Trade was light as some were celebrating the Yom Kippur holiday. Software maker Oracle (NAS: ORCL) was up 89 cents to $21.93, it’s best in six and a half years, on a report that profits were up by 25 percent in its fiscal first quarter and the sale of new software licenses had risen by 35 percent.

    In the semiconductors sector, Texas Instruments (NSYE: TXN) gained $1.23 to $37 on an increased dividend and expanded share buyback program.

    Internet search engine Google (NAS: GOOG; LSE: GGEA) added $7.96 to $560.79, a new record high.

    Persistently high oil prices sent shares in oil companies higher.

    ConocoPhillips (NYSE: COP), was 63 cents higher to $89.03, while Chevron (NYSE: CVX) gained 91 cents to $95.07 and ExxonMobil (NYSE: XOM) added 93 cents to $93.02.





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