Techs Join Broad Rally, But RIM Tumbles

Technology stocks joined a broad market rally on Friday after European leaders unveiled a plan to end the region's debt and banking crisis. The Nasdaq Composite Index rose 50 points, or nearly 2%, to 2,899, as the Dow Jones Industrial Average rallied 182 points to 12,784. Shares of Hewlett-Packard , which has a huge presence in the European market, saw its stock gain nearly 4%, one of the top performers on the Dow. On the downside, shares of Research In Motion fell more than 15% after the company posted a sharp drop in fiscal first-quarter sales and announced a delay in the launch of its BlackBerry 10 operating system.

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DOW up 52.30 | NAS up 5.69 | S&P up 2.87
(Data as of 2013-05-21 4:36 EDT)
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