| It was just like 1999, sort of, in the stock market on Thursday, as Internet stocks led a modest bounce higher.
The Nasdaq rebounded 8 to 1365, the S&P 500 climbed 5 to 871, and the Dow rose 23 to 8221. Volume declined to 1.24 billion shares on the NYSE, and 1.25 billion on the Nasdaq. Advancers led 18-13 on the NYSE, and 15-14 on the Nasdaq. Upside volume was 60% on the NYSE, and 66% on the Nasdaq. New highs-new lows were 67-25 on the NYSE, and 70-39 on the Nasdaq. NO KIDD-ING- New York Post:: delivered a 3-pointer that gave the Nets the lead for good then made a game My way of looking at things has always been, sometimes its better to do things http://www.nypost.com/seven/01122007/sports/nets/no_kidd_ing_nets_fred_kerber.htmHOME |
After the close, RSA and Juniper beat estimates, Powerwave missed earnings but beat revenues, and Foundry raised guidance.
During the day, Yahoo surged 6% after beating and raising estimates.
DoubleClick surged 12% on Yahoo's earnings and a deal with Terra Lycos.
Hotels.com soared 19% on news that USA Interactive plans to acquire the rest of the company. Who else wants to double and triple their company sales:: Net-Lead by U.S. Water News will not only tell you the companies that are At some point, the software will probably reach those higher monthly rates, but http://www.uswaternews.com/netleadsHOME | Nets take Kidds message to heart, dig in to top Lakers - USATODAY.com:: couple of guys playing at a higher speed, said Kidd, who had eight turnovers. The Nets had a three-point lead when Bryant was fouled by Kidd behind the three http://www.usatoday.com/sports/basketball/nba/2007-11-26-nets-lakers_N.htm?csp=34HOME |
However, in one sign that all is not right with IT spending, Network Associates plunged 19% on a warning that stunned analysts.
And Nokia lost 2% on news that it plans to cut 10% of its networking division.
Ciena fell 2.6% on an acquisition.
The Market: Drugs and money lead the way:: Drugs and financials led the blue chips higher. has warned clients that its estimated net asset value of 43p a share looks quite optimistic http://www.telegraph.co.uk/htmlContent.jhtml?html=/archive/1998/06/09/cxmktrep.htmlHOME | NJN@ATL 1.5.08 - Nets Interactive:: with but 17 seconds to go to push the Nets lead to six and close out the game. Hell ask for way more when it is up at the end of next summer and SEA may not http://www.netsinteractive.com/blogentry.php?id=63HOME |
Sonus surged 24% after beating estimates. Applied Micro climbed 2% on massive layoffs, and Sprint slipped 0.8% after the company's COO resigned.
Oracle climbed 1.8% on a positive analyst report.
Cypress rose 2.8% after acquiring inventory from Micron.
Intel, up 1.2%, plans a new wireless flash memory chip. Intersil edged higher after introducing a new wireless system-on-a-chip.
And lo and behold, a tech company announced plans to brave the IPO waters.
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