Stocks were boosted Monday by Iraq's decision to allow U-2 surveillance flights.
Asia stocks gain - International Herald Tribune:: Can the lessons learned from the surge in Iraq apply to Afghanistan? in a lively discussion of the days economic news with an eye on globalization. http://www.iht.com/articles/reuters/2008/02/25/business/OUKBS-UK-MARKETS-GLOBAL.phpHOME |
The Nasdaq gained 14 to 1296, the S&P 500 rose 6 to 835, and the Dow climbed 55 to 7920. Volume declined to 1.23 billion shares on the NYSE, and 1.21 billion on the Nasdaq. Advancers led 18-14 on the NYSE, and 17-14 on the Nasdaq. Upside volume was 66% on the NYSE, and 75% on the Nasdaq. New highs-new lows were 43-130 on the NYSE, and 42-110 on the Nasdaq. ABC News: ABC News Search:: Council on Foreign Relations videos. Iraq: What Happens After the Pullout? Stocks Soar, Dow Gets Biggest 2-Day Gain in 5 Years As Investors Hopes Grow for http://abcnews.go.com/topic?field=tgorganizations&value=Coions&from=60&type=featureHOME |
After the close, priceline reported in-line results.
During the day, Sun gained 4.2% on news that it is entering the blade server market.
AMD, up 2.6%, unveiled its fastest chip yet. Intel, up 1.5%, announced several chip advancements. Intel co-founder Gordon Moore said he sees no slowdown in chip advancements.
Cisco, up 2.3%, launched a partnership with Yahoo and moved ahead with its storage switch strategy. Stocks notch late-session gains - Stocks & economy - MSNBC.com:: Traders wary of upcoming Fed meeting, Iraq handover. The Associated Press Economy finally gets news to smile about - Wall Street ends week with modest gains http://www.msnbc.msn.com/id/5285919/HOME |
Overstock.com, up 0.1%, is taking on Amazon, which slipped 0.2%.
Wind River gained 18% after raising guidance.
EarthLink, up 1%, and Echostar, up 3.7%, announced a joint offering.
AskJeeves, up 2%, scored a deal with Novartis Pharmaceuticals.
Macromedia, up 4.2%, announced upgrades and new products.
Computer Sciences, down 2%, captured part of the JP Morgan-IBM deal.
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