In an attempt to bolster innovation and jump ahead of the curve, cell phone maker Nokia (NOK) announced that it is making an entry into the PC market with the unveiling of its mini-laptop computer. The Netbook computer will utilize Windows software and will be a fully-functional computer with high-speed mobile Internet access capability.
Overall, all three major U.S. indexes were up in morning trading with the S&P 500 leading the pack, up 0.9%, followed by the Dow Jones Industrial Average adding 0.8% and the Nasdaq gaining nearly 0.7%.
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Kevin Grewal contributed to this article.