Cisco Sends ‘Em Higher

Cisco Systems sent tech stocks to another day of gains after CEO John Chambers said August orders were better than expected.

Cisco rose 3.3% to a 19-month high on the news, breaking through the $20 level, and the Nasdaq hit a new 17-month high.

The Nasdaq rose 11 to 1852, the S&P 500 added 4 to 1026, and the Dow gained 45 to 9568. Volume rose to 1.64 billion shares on the NYSE, and 2.34 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 18-13 on the Nasdaq. Upside volume was 63% on the NYSE, and 68% on the Nasdaq. New highs-new lows were 507-6 on the NYSE, and 506-6 on the Nasdaq.

After the close, Cypress boosted guidance.

During the day, Take-Two soared 22% on better than expected results.

Nortel surged 10% on a $1 billion deal with Verizon .

Veritas gained 3.4% after reaffirming guidance. climbed 4.6% on an acquisition.

WebMD was halted on news of an expanding federal investigation.

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