Dow Jones Industrial Average Index soared on Friday, supported on the upside by technology stocks. The blue chip index improved 0.8% or 96.50 points and settled at 12,720.48. IBM provided significant contribution to the index, as company's stocks rallied 4.43% after IBM told its 4th quarter earnings added 4.4% and predicted its 2012 earnings to climb above expectations. Intel Corp. advanced 2.9% after the firm reported profit that surpassed expectations and presented a plan to increase capital spending. On weekly basis blue chip gained 2%.