By: ETF Trends
August 23, 2013 at 10:10 AM EDT
Microsoft Rally Lifts Nasdaq, Tech ETFs as CEO Ballmer to Retire
The Nasdaq-100 PowerShares QQQ (NasdaqGM: QQQ) opened higher Friday as key holding Microsoft (NasdaqGS: MSFT) rallied following an announcement that Chief Executive Steve Ballmer plans to retire within a year. MSFT shares were up more than 7% on the news. The stock is the second-largest holding in...
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