HP leads tech party

eb. 20 - U.S. investors shook-off inflation worries and record-setting oil prices, to concentrate on strong quarterly results from tech stalwart Hewlett-Packard. The Dow gained 90 points to 12,427. The S&P 500 rose 11 points to 1,360. The Nasdaq climbed 20 points to 2,327. Crude oil closed at a new record of $100.70 a barrel.

Speaker: Paul Homsy, chief executive, Crescent Asset Management

Conway Gittens reports from New York. Reuters Video