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LINUX STOCKS SURGED on Wall Street and the Federal Reserve raised interest rates.
After a down day on Monday, technology stocks helped the Dow Jones Industrial Average and the Nasdaq climb.
The Dow Jones Industrial Average gained 10 points to close at 11,013 Thursday, compared with 10,739 on the previous Friday. The Nasdaq added 137 points to close at 4,211 Thursday, compared with 3,887 on the previous Friday.
As expected, the Federal Reserve raised short-term interest rates by a quarter of a percentage point on Wednesday. The Federal Reserve raised rates three times last year.
On Wednesday shares in VA Linux Systems Inc. (LNUX), Andover.net Inc. (ANDN) and Red Hat Inc. (RHAT) soared following the news that a new Linux software to run on Intel Corp.'s next-generation microprocessors was ready to be released.
VA Linux Systems jumped $29 to $136-88, a...