Microsoft (MSFT.O) jumped 2.8 percent to $24.15 afterGoldman Sachs added shares of the world's largest softwarecompany to its Americas "conviction buy" list and said newproducts, combined with an increase in information technologyspending, should underpin growth. For details see[ID:nBNG86897] "It is a big move for a big company like Microsoft,
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(which) can pull both software and hardware," said JannaSampson, co-chief investment officer at OakBrook InvestmentsLLC in Lisle, Illinois. "I think the Goldman Sachs report is buoying the sectoracross the board." Microsoft was a top gainer in both the Dow industrials andthe Nasdaq The S&P information technology sector .GSPT rose1.3 percent. On the macro front, the International Monetary Fundunderscored the sense of improving economic fundamentals aftera top officer said the IMF may lift its 2010 growth forecastfor the world economy amid signs the decline in global outputwas moderating. [ID:nSP376208] Shares in the consumer discretionary, industrial andfinancial sectors rose, with bellwether 3M Co (MMM.N) up 0.7percent at $59.71. The Dow Jones industrial average .DJI gained 24.19points, or 0.28 percent, to 8,579.79.
The Standard & Poor's500 Index .SPX added 5.45 points, or 0.59 percent, to923.82. The Nasdaq Composite Index .IXIC rose 24.11 points,or 1.33 percent, to 1,831.83. After gaining as much as 40 percent from a 12-year closinglow in early March, the S&P 500 has retreated as investorsreassessed the potential strength of an economic recovery. "I think the market was due for a pullback, but maybepeople think we've pulled back enough," OakBrook's Sampsonsaid. Apple Inc (AAPL.O) gave the top boost to the Nasdaq 100.NDX, up 1.7 percent at $138.21 on the same day that itslatest iPhone hit stores. Separately, AT&T Inc said it hadsold hundreds of thousands of Apple's newest mobile phone inpre-orders. [ID:nN19439223] (Editing by Jan Paschal) Stocks Global Markets.
MADISON, Wis., June 19, 2009 (GLOBE NEWSWIRE) -- First Business FinancialServices, Inc. (Nasdaq:FBIZ) announced that its board of directors has declareda quarterly cash dividend on its common stock of $0.07 per share The 2009annualized dividend amount is $0.28 per share. The cash dividend is payable onJuly 15, 2009 to shareholders of record at the close of business on July 1,2009.About First Business Financial Services, Inc.First Business Financial Services (Nasdaq:FBIZ) is a Wisconsin-based bankholding company that specializes in focused financial solutions for businesses,key executives, and high net worth individuals through its operating companies.Its companies include: First Business Bank - Madison; First Business Bank -Milwaukee; First Business Bank - Northeast; First Business Trust & Investments;First Business Equipment Finance, LLC; and First Business Capital Corp. Foradditional information, visit or call 608-238-8008.The First Business Financial Services, Inc. logo is available at http:// Business Financial Services, Inc.Barbara M.
