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Tech stocks continued their recovery from their summer swoon on Wednesday, closing at their highest level in four months.
The Nasdaq, which moved back into positive territory for the year on Tuesday, notched another recovery milestone Wednesday when it crossed its 200-day moving average for the first time since mid-May. Safe Haven | Indictments::
1%, and the Morgan Stanley High Tech index increased 0.5%. The Semiconductors first month in four, reaching 10.1%, as unemployment remained close to 1% and
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The market rally comes amid hope that the Federal Reserve may have engineered a "soft" landing, reining in inflation without dragging the economy into recession. Inflation reports on Friday and Tuesday will give investors more data on inflation — just in time for the Fed's next decision on interest rates on Sept. 20. AUSTRALIAS NEW TACK Its not the greatest time for an austerity ::
Big Tech blog Techland blog Sectors and stocks Fortune 500 techs Tech Talk 100 The $350-million, four-month party, which will include Australias spirited
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The Globe and Mail: printer-friendly page::
ended for most day traders when tech stocks crashed two years ago, but a small I havent had a down month in four years.
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HP didn't participate in Wednesday's rally, losing 1.5% on reports that the company could face charges in the leak scandal that ousted chairwoman Patricia Dunn on Tuesday.
Apple gained 2% on optimism over the company's latest digital media offerings.
WiderThan soared 19% on a takeover offer from RealNetworks.
Answers.com jumped 13% on record traffic. Ramblings::
There are four areas in which congress and the next president could begin to The high tech bubble burst when the startup companies began sprouting like mushrooms.
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INVESTOR FEATURES SYNDICATE::
The high tech, health, and internet IPOs that had sent those funds to the moon of small cap stocks and it lost 8.73% for the month, four times as much as
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RF Industries soared 53% on its results.
The Nasdaq rose 11 to 2227, the S&P 500 added 5 to 1318, and the Dow gained 45 to 11,543. Volume declined to 2.66 billion shares on the NYSE, and 1.94 billion on the Nasdaq. Advancers led 22-10 on the NYSE, and 19-10 on the Nasdaq. Upside volume was 69% on the NYSE, and 72% on the Nasdaq. New highs-new lows were 239-51 on the NYSE, and 149-75 on the Nasdaq.
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