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20.07.2016 19:55:39
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Software Stocks Moving Sharply Higher On Microsoft Earnings
(RTTNews) - Software stocks have shown a substantial move to the upside during trading on Wednesday, driving the Dow Jones Software Index up by 3.6 percent. With the gain, the index has reached its highest intraday level in over sixteen years.
Microsoft (MSFT) has led the sector higher, with the software giant jumping by 6.5 percent after reporting better than expected fiscal fourth quarter adjusted earnings and revenues.
German software developer SAP (SAP) is also posting a standout gain after reporting stronger than expected second quarter earnings growth.
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