) rallied 10% on news its Intel-based machines will run the Windows operating system. This supported the computer sector, semi’s and Microsoft (NASDAQ:MSFT
). The latter has been steadily inching higher for the past month and is a major reason why Technology Select Sector SPDR (NYSEARCA:XLK
) has been strong since MSFT comprises nearly 12% of that index.
See charts below: Technology SPDR (XLK); Semiconductor Holdrs (NYSEARCA:SMH); Apple Computer Inc. (AAPL), Dell Inc. (NASDAQ:DELL), Microsoft (MSFT)
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