NEW YORK (AP) - After two days of declines, stocks were moving higher in morning trading Friday following news that U.S. consumer spending rose the most in three months in February. Tech stocks, after a week of losses, were recovering some ground with help from Microsoft.

NEW YORK (AP) After two days of declines, stocks were moving higher in morning trading Friday following news that U.S. consumer spending rose the most in three months in February. Tech stocks, after a week of losses, were recovering some ground with help from Microsoft.

KEEPING SCORE: The Standard & Poor's 500 index rose 17 points, or 0.9 percent, to 1,866 as of 11:25 a.m. Eastern. The Dow Jones industrial average rose 120 points, or 0.7 percent, to 16,383 and the technology-heavy Nasdaq composite rose 49 points, or 1.2 percent, to 4,200.

START ME UP: The biggest gainer in the Dow was Microsoft, which rose 98 cents, or 3 percent, to $40.34. The company announced Thursday that it was bringing Microsoft Office to the iPad and would shift its focus away from Windows, a move that analysts cheered.

"We continue to view (this) as a massive revenue and operating profit opportunity for Microsoft," analysts at Credit Suisse said in a report Thursday. Other tech stocks also rose after a week of losses. Google, Intel and Facebook all rose 1.5 percent. IBM rose 1 percent.

SPENDING UNFROZEN: Investors were encouraged by news that Americans picked up their spending last month, a hopeful sign for an economy that has been slowed by months of severe winter weather. The Commerce Department said consumer spending inched up 0.3 percent, a hair short of economists' forecasts. Incomes rose at the same pace.

STILL ALIVE: BlackBerry rose 40 cents, or 4 percent, to $9.45 after the company reported quarterly results that were better than expected. Sales fell below $1 billion for the first time since 2007, but the company's loss was not as wide as feared as new CEO John Chen restructures the company.

CBS SPLITS: CBS Outdoor, a major outdoor advertising company, rose $2.07, or 7 percent, to $30.05 on its first day of trading. CBS decided to spin off CBS Outdoor into a separate publicly traded company because executives believed billboard advertising did not fit well with CBS's primary business of broadcasting.

OTHER MARKETS: The yield on the 10-year Treasury note hovered around 2.69 percent, roughly where it was late Thursday. The price of crude oil edged up 78 cents, or 0.8 percent, to $102.06 a barrel. Gold was little changed at $1,295 an ounce.