Stocks soared Monday as final efforts at diplomacy failed, making war with Iraq appear all but certain.
The Nasdaq soared 51 to 1392, the S&P 500 surged 29 to 862, and the Dow soared 282 to 8141. Volume rose to 1.7 billion shares on the NYSE, and 1.9 billion on the Nasdaq. Advancers led 21-9 on the NYSE, and 24-10 on the Nasdaq. Upside volume was 92% on the NYSE, and 91% on the Nasdaq. New highs-new lows were 66-65 on the NYSE, and 62-80 on the Nasdaq.
After the close, Applied Materials announced 14% layoffs, and Gateway and Tech Data warned.
During the day, Yahoo and Amazon powered to new 52-week highs. Yahoo launched its video subscription service.
Oracle gained 3.4% ahead of tomorrow night's earnings report. The company is expected to come in light on licensing revenues.
Verizon, up 2.4%, announced a major wireless broadband rollout. Sprint PCS, up 0.8%, enter the WiFi market. Before the bell: Futures down as Wachovia reports loss - BloggingStocks::
worlds largest airline, appears likely to be Wholesale prices soar in June; sales are sluggish. Stocks point lower amid fears about financials
http://www.bloggingstocks.com/2008/04/14/before-the-bell-fas-wachovia-reports-loss/HOME |
CJR: Who Is Lying About Iraq?::
Certain things we know to be true even though our As prices soar, U.S. looks for scapegoats; UBS ready to roll over; Jimmy Cayne, The War Over the Wall
http://www.cjr.org/blog_report/who_is_lying_about_iraq.php?page=all&print=trueHOME |
Sun, up 9%, and Lucent, up 4.6%, announced a partnership.
Genesis Microchip rose 3.4% on news of a merger with Pixelworks.
Veritas, up 6.1%, restated revenues again.
Microsoft, up 4.3%, is scaling back its ISP ambitions. The company also announced another critical flaw.
Research In Motion, up 6.1%, scored a deal with Microsoft.
Adaptec, up 8.1%, unveiled new storage technology.
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 Gateway Closing Stores, Revamping Lineup
 Technical Analysis: 90% Upside Day
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