Strong Results from Google, IBM Lift Tech Stocks 1/23/13
January 23, 2013
NEW YORK - Strong earnings from tech giants are nudging the stock market higher ahead of a planned vote in Congress to raise the country's borrowing limit.
Google and IBM reported solid earnings, a hopeful sign for investors. Analysts had projected technology companies would post weak results in the fourth quarter.
House Republicans are expected to vote in the afternoon on a measure to lift the federal government's debt ceiling, giving it enough room to pay its bills for another three months.