Better than expected results from Applied Materials and soothing words from Fed Chairman Ben Bernanke sent stocks soaring on Wednesday.
AMAT shares gained 4% after the company gave a stronger than expected sales and order outlook, sending the chip sector 2% higher. In The Money: February 2007:: (GRMN) and also Applied Materials (AMAT) is helping the tech sector get a boost. Steel stocks are also getting another boost this morning as well, likely on http://mymoneylife.blogspot.com/2007_02_01_archive.htmlHOME |
Buying really picked up after Bernanke said in congressional testimony that the economy remains strong and inflation tame, sending blue chip stocks to another record close, as traders shook off flat retail sales data. Markets Slump:: crack down on lending. Genworths investments. Heinz forecast. Deere earnings. Agilent, AMAT warn Tech stocks help boost the markets. 04/10/2008. March http://www.businessweek.com/mediacenter/video/marketreportf808df579a2fd44e567b.htmlHOME | laptop accessories,laptop parts - Microsoft, Intel Escape Market Sell-Off:: Stocks tumbled again Tuesday, as traders fled stocks for a second day after the And no one knows better than Bernanke, a long-time student of the causes of the http://www.beanrocket.com/papatekusa/6599/HOME |
Corillian soared 45% on news that it will be acquired by CheckFree, and Asia Satellite surged 27% on a takeover offer from majority shareholders.
Affiliated Computer, Macrovision, Garmin and SPSS gained on their results. D.A. Davidson & Co.:: on growth stocks. that got a boost at the end of 2007 from the weak dollar and Given Dr. Bernankes tendency toward clear speak, there could http://www.davidsoncompanies.com/indv/a_indv/c_morning_comvedate=02/12/08&linkID=73HOME | Dow ends at record on Fed chiefs view and earnings - Boston.com:: U.S. stocks rallied on Wednesday, sending the Dow Jones industrial average to a record close, as investors were relieved by Federal Reserve Chairman Ben Bernankes http://www.boston.com/business/markets/articles/2007/02/14ngs_bernanke_eyed?mode=PFHOME |
1-800-Flowers.com and Daktronics fell on their earnings reports.
Ciena and Varian rose on upgrades.
The Nasdaq surged 28 to 2488, the S&P 500 gained 11 to 1455, and the Dow rose 87 to 12,741. Volume rose to 2.68 billion shares on the NYSE, and 2.26 billion on the Nasdaq. Advancers led 22-10 on the NYSE, and 17-12 on the Nasdaq. Upside volume was 76% on the NYSE, and 84% on the Nasdaq. New highs-new lows were 373-16 on the NYSE, and 197-37 on the Nasdaq.
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