Wall Street buoyed by strong tech shares

By IBTimes Staff Reporter | June 11 2010 4:16 PM

Stocks rose in light volume on Friday as a strong forecast from a chip maker lifted tech shares and helped relieve concerns about the economy's health after an unexpected drop in retail sales.

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* The Dow Jones industrial average <.DJI> added 38.54 points, or 0.38 percent, to end unofficially at 10,211.07. The Standard & Poor's 500 Index <.SPX> rose 4.76 points, or 0.44 percent, to finish unofficially at 1,091.60. The Nasdaq Composite Index <.IXIC> gained 24.89 points, or 1.12 percent, to close unofficially at 2,243.60.

For the week, the Dow climbed 2.8 percent, while the S&P 500 advanced 2.5 percent and the Nasdaq rose 1.1 percent.

(Reporting by Leah Schnurr; Editing by Jan Paschal)