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Investors looking for a reason to buy found it Tuesday when KLA-Tencor said its June quarter was better than expected.
The stock market, which was in a steep decline over disappointing earnings news from Lucent and Alcoa, turned around after the chip equipment maker's upbeat comments to end the day modestly higher. Shareholders amend KLA-Tencor suit / Plaintiffs spokeswoman: The ::
in May. And the Department of Labor is probing KLA-Tencors 401(k) savings plan. in the future, usually at the price of the shares on the day the
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KLAC shares jumped 8% after CEO Rick Wallace told analysts the company's orders were stronger than expected, boosted by demand for NAND and DRAM.
The beaten-down chip sector jumped 3% on the news. KLA-Tencor net falls, cautious on industry - Boston.com::
Microchip equipment maker KLA-Tencor Corp <KLAC.O> SEARCH THE ARCHIVES. All Globe stories since 2003 are now FREE. Today. Yesterday. Past 30 days
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The Nasdaq rose 12 to 2128, the S&P 500 climbed 5 to 1272, and the Dow gained 31 to 11,134. Volume rose to 2.31 billion shares on the NYSE, and 2.01 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 17-13 on the Nasdaq. Upside volume was 54% on the NYSE, and 61% on the Nasdaq. New highs-new lows were 67-103 on the NYSE, and 48-124 on the Nasdaq.
Intevac, Websense and Key Tronic gained on their outlooks.
 Technical Analysis: Chips Lead the Way Higher
 Lucent Expects Q3 Sales Lag |
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