Wall St. tech rally gets a boost from China rate cut

Source: Reuters

All three major U.S. indexes rose to more than two-month highs on Friday, after a surprise rate cut in China amplified a rally driven by strong results from Microsoft, Alphabet and Amazon.

Microsoft's (MSFT.O) shares rose 11.61 percent to $53.61, their highest in 15 years, after the company's adjusted revenue beat expectations for the ninth quarter in a row.

Microsoft gave the biggest boost to the three indexes, accounting for about a third of the near 100-point jump in the Dow and leading a strong rally in technology stocks.

Read more: http://www.reuters.com/article/2015/10/23/us-markets-stocks-idUSKCN0SH16U20151023

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from the article :"Some of the worst fears associated with China were put to bed, at least temporarily," said Ernie Cecilia, chief investment officer of Bryn Mawr Trust."

Good. A stable world economy is in all our interests. Now, if we can elect a Democrat to the White House in 2016, maybe we can avoid the Republicans driving the economy off a cliff like they did under W.