Raised Estimates Push Microsoft Up

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Market Update Analysis:

Author: Elena Todorova
123jump.com
Last Update: 2:06 PM EDT April 04 2007

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Dow component Microsoft moved notably higher after Citigroup raised its U.S. Q3 estimates for the company after a successful launch of Windows Vista, Office 2007, and SharePoint Server by the company. Company''''s stock rose 3%. Altria Group provided further support to the blue-chip average, rising 1%. However, Walt Disney was a notable drag, falling 1%.

Currencies

The dollar was lower against most other major currencies in European trading Wednesday. The euro traded at $1.3351, up from $1.3331 late Tuesday. The British pound traded at $1.9748, up from $1.9746. The dollar fetched 118.83 Japanese yen, down from 118.88.

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