Stock Market Closes Higher; Microsoft Surges

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Stock Market Closes Higher; Microsoft Surges

Wochit 0:56 mins

A big jump in Microsoft helped lift the Dow Jones industrial average Stocks are ending with modest gains on Wall Street after recovering from an early stumble caused by a poor report on the housing market. While Microsoft jumped after saying Steve Ballmer would retire as CEO. Poor Steve Ballmer. The burly Microsoft CEO, who announced that he will retire next year, has been the victim of some unfortunate timing. When he took over leadership of Microsoft in 2000, Ballmer had to follow iconic co-founder Bill Gates, who had built the software titan into the most valuable company in the world. Then Ballmer was blindsided by the swift rise of Steve Jobs and Apple, whose iPod, iPhone and iPad led a mobile revolution and made Microsoft appear slow and out of touch.

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