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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/01/ge-profits-boost-wall-street-stocks.jpg"><img class="alignnone size-full" title="The Dow Jones industrial average rose 49 points to close on Friday at 11,872" src="http://londonglossy.com/wp-content/uploads/2011/01/min-ge-profits-boost-wall-street-stocks.jpg" alt="The Dow Jones industrial average rose 49 points to close on Friday at 11,872"/></a></p>
<p>Strong profits at General Electric have sent industrial stocks higher.</p>
<p>General Electric gained 7.1%, leading the 30 stocks that make up the Dow Jones industrial average. The conglomerate&#8217;s earnings rose 52% on growth in equipment orders and lending.</p>
<p>The company&#8217;s results helped send industrial companies in the Standard and Poor&#8217;s 500 index up 1.2%. 3M, another industrial conglomerate, gained 1.4% and Textron rose 2.2%.</p>
<p>The Dow rose 49.04 points, or 0.4%, to close at 11,871.84.</p>
<p>Bank of America lost 2%, making it the weakest Dow stock. The country&#8217;s largest bank reported a 1.6 billion dollar loss in the fourth quarter after setting aside more money to buy back faulty home loans from investors.</p>
<p>The Standard &#038; Poor&#8217;s 500 index gained 3.09 points, or 0.2%, to 1,283.35. </p>
<p>Technology companies in the S&#038;P 500 fell 0.3%, the worst of any of the 10 company groups that make up the index. Apple lost 1.8% and Microsoft fell 1.2%, while the technology-focused Nasdaq composite index slid 14.75 points, or 0.5%, to 2,698.54.</p>
<p>Chip maker Advanced Micro Devices sank 6%. AMD&#8217;s fourth-quarter profit shrank compared with a year ago, when a big legal settlement it won from arch-rival chip maker Intel lifted its earnings.</p>
<p>Google reported a 29% rise in income after the market closed yesterday. The internet search giant said that co-founder Larry Page will take over as chief executive, replacing Eric Schmidt. Google&#8217;s stock fell 2.4%.</p>
<p>Bond prices rose slightly, sending their yields down to 3.41% from 3.43%, while rising and falling shares were about even on the New York Stock Exchange. Volume came to 1.3 billion shares.</p>
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