U.S. stocks rose in light trading on Friday, led by a jump in Microsoft shares, as trading took place without interruption a day after the Nasdaq stock exchange suffered an unprecedented, three-hour trading halt.
Microsoft shares posted their largest daily percentage gain in more than four years after the head of the world’s largest software company, Steve Ballmer, announced he will retire within 12 months. The stock closed up 7.3 percent and was the largest contributor to the advance on the three major indexes.
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