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RealTime IT News

Nasdaq Pushes Past 2000

The Nasdaq index returned to where it left off in 2002 when it pushed past the 2000 mark Monday during a strong overall day in the broad markets.

Bellwether tech stocks also rose Monday as the Nasdaq composite closed at 2006.38, up 33.34 points, or about 1.7 percent. The Dow Jones Industrial Average rose 125.33 points to close at 10,450. The S&P index rose by 13.59 to close at 1109.48

Though volume was still light as many investors continued their traditional holiday break for the last week of the year, traders that were in the markets today appeared eager to bid up stocks following recent strength in economic data.

Chipmaker AMD rose by 58 cents, or close to 4 percent to close at $15.28 on positive views by Sanford Bernstein. Shares of Intel also rose to finish the session up by 79 cents, or 2.52 percent, to $32.15.

IBM rose 62 cents to close on the NYSE at $93.52. Microsoft rose by 25 cents to close at $27.46 on the Nasdaq. Ebay closed up by over 1 percent at $64.16. Amazon stayed about the same after enjoying a boost following news on Friday that it had its busiest holiday selling season in its nine-year history. The company's price closed at $53.47 Monday.

Shares of satellite radio play Sirius continued to gain on slight momentum it has enjoyed in recent days, rising 22 cents to $2.57, as more subscribers sign on for its paid, satellite radio service.