NEW YORK -- A judge's branding of Microsoft Corp. as a monopoly failed to dampen enthusiasm for technology stocks today. Share prices ended mostly higher, pushing the Nasdaq composite index to its seventh straight record high. Dow up 14.37
The Dow Jones industrial average gained 14.37 to close at 10,718.85. The Nasdaq composite index was up 41.68, or 1,43 percent, at 3,143.97, extending its string of record closes. The Standard & Poor's 500 rose 6.78 to 1,377.01.
Decliners beat advancers by a 5-to-4 margin on the New York Stock Exchange, with 1,697 down, 1,350 up and 472 unchanged. NYSE volume totaled 802.41 million shares vs. 1.008 billion Friday.
The NYSE composite index gained 3.01 to 630.37; the American Stock Exchange composite index rose 0.26 809.47; the Russell 2000 index climbed 2.66 to 445.07.
The 30-year Treasury bond fell 1/32, or 31 cents per $1,000 bond; its yield was steady at 6.05 percent.
Microsoft was lower throughout the session. Friday evening, U.S. District Judge Thomas Penfield Jackson ruled the software maker has abused its dominance of the personal computer industry to stifle innovation and competition, hurting consumers. The company's stock fell steeply in early trading, but recovered somewhat as analysts speculated that Microsoft will negotiate a settlement.
Many stocks that compete directly with Microsoft products - were higher. Sun Microsystems, which makes the Java computer programming language, rose. The company has been highly critical of Microsoft's business practices. Red Hat, a leading seller of the Linux operating system, soared. Linux is an alternative to Microsoft's Windows NT system.