Stocks rally runs out of steam after central bank action - Yahoo!7 News::
more support after Lloyds TSB agreed a takeover for rival HBOS Tech. Odd News. Opinion. Full Coverage. Archives. 7 News Video. ALSO ON YAHOO!7: Connect
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Stocks posted strong gains Thursday on merger news coming out of the tech sector.
Topping the news was billionaire investor Carl Icahn's proxy fight with Yahoo (NASDAQ: YHOO), but the day's biggest gainer was CNET (NASDAQ: CNET), which soared 43.5% on news that it will be acquired by CBS (NYSE: CBS). Technology stock picks & biotech and clean tech news: Tech Ticker ::
also making a big bet on solar stocks both indirectly via MEMC Electronics and Debate Rages: Suckers Rally or Time to Buy?135 votes
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Stocks Rally Amid Buzz a Deal Is Near - Market Overview * US * News ::
actually rallied on the WaMu news because it was a takeover — without taxpayer pain. alternative energies and selective tech and financial stocks.
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In other deals, Comcast (NASDAQ: CMCSA) is buying Plaxo and InterActiveCorp (NASDAQ: IACI) grabbed Lexico Publishing.
Intel (NASDAQ: INTC) jumped 4.7% on a Lehman Brothers upgrade, and Nvidia (NASDAQ: NVDA), Cypress (NYSE: CY) and Qualcomm (NASDAQ: QCOM) also benefited from positive comments by Lehman analyst Tim Luke.
VMware (NYSE: VMW) jumped nearly 9% following its first shareholder meeting, boosting shares of parent EMC (NYSE: EMC).
Agilent (NYSE: A) and Sina (NASDAQ: SINA) surged on their results.
Salary.com (NASDAQ: SLRY), Ctrip.com (NASDAQ: CTRP) and Brocade (NASDAQ: BRCD) lost ground on their results.
Also boosting stocks was congressional legislation that could limit speculation in oil, which briefly sent oil prices tumbling before they recovered.
The Nasdaq surged 37 to 2533, the S&P rose 14 to 1423, and the Dow gained 94 to 12,992. Volume declined to 3.8 billion shares on the NYSE, and rose to 2.22 billion on the Nasdaq. Advancers led by a 23-9 margin on the NYSE, and 17-11 on the Nasdaq. Upside volume was 78% on the NYSE, and 81% on the Nasdaq. New highs-new lows were 104-69 on the NYSE, and 65-105 on the Nasdaq.
 Technical Analysis: Techs Take the Lead
 HP Drags Down Dow
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