Nokia soared 14% after raising guidance on Thursday, sending that Nasdaq to the 2100 level - a point above the index's January 2002 peak that marked the start of the final leg down in the bear market.
Nokia said it expects earnings of 28-29 cents a share, well above previous guidance of 21-23 cents, on stronger than expected handset and equipment sales.
And Verizon's capital spending plans sent shares of telecom equipment makers surging for a second day.
At the top of the gainers' list was Avici Systems, which soared 30% on news of a partnership with Nortel, a day after gaining 23% on rumors that the deal was pending. Avici finished well off its highs for the day, however. Market 360: A weekly wrap of US equity markets, commodities ::
Apr 18, 2008 -Mexican peso, which is trading at a two-year high versus the U.S. -The NASDAQ is off by -456.15 or -15.95% from the market peak on
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The broader market rose ahead of Friday's December employment report.
The Nasdaq gained 22 to 2100, the S&P 500 rose 5 to 1131, and the Dow climbed 63 to 10,592. Volume rose to 1.86 billion shares on the NYSE, and 2.69 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 19-12 on the Nasdaq. Upside volume was 68% on the NYSE, and 69% on the Nasdaq. New highs-new lows were 506-6 on the NYSE, and 433-1 on the Nasdaq. Ubergizmo, The Gadget Blog. CellPhones Posts::
Nokia dropping a new phone on Monday, sends mysterious teaser . $149 assuming you decide to tie your soul to a two-year agreement and a mail-in rebate.
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After the close, IBM said it is under investigation by the SEC for a deal with Dollar General.
During the day, Sun surged 10% on a Bank of America upgrade.
HP and Apple gained on an iPod deal. HP investors shook off news about Dell's latest printer ambitions.
RSA rose 9% after raising guidance. Media - Entertainment - news::
Nokia recently announced that they will expand the Nokia Media Network and will It is estimated that the Nokia Media Network reaches over 100 million
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picturephoning.com: How people and businesses are using cameraphones::
"Taking full advantage of the high-resolution camera phones that are everywhere in Japan, two-year-old mobile content provider J-Magic Inc. launched the
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Sonic Solutions surged 12% on deals with Microsoft and others.
Research In Motion fell 2% on news of a secondary offering.
Business Objects slipped 1% on acquisition integration plans.
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 Microsoft Plays to the House
 Nortel Scores A Big Win
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