Better than expected results from eBay and AT&T continued the market’s run on Wednesday.
The Nasdaq rose 14 to 1466, the S&P 500 gained 7 to 919, and the Dow rose 30 to 8515. Volume declined to 1.61 billion shares on the NYSE, and rose to 1.82 billion on the Nasdaq. Advancers led 20-12 on the NYSE, and 19-11 on the Nasdaq. Upside volume was 68% on the NYSE, and 67% on the Nasdaq. New highs-new lows were 194-18 on the NYSE, and 162-24 on the Nasdaq.
After the close, Qualcomm , Digital River
, Intersil
, eResearch
and Micromuse
rose on better than expected results. Symantec
, Overture
, Veritas
, Microchip
, Siebel
and KLA-Tencor
declined on disappointing earnings.
During the day, eBay surged 5.7% to a new 52-week high on better than expected earnings and guidance, and AT&T
soared 23% after beating estimates.
AOL gained 5% on better than expected results, while Ask Jeeves
fell 9% despite topping estimates.
CheckFree , WebSense
and StorageTek
surged on their earnings reports.
Microsoft slipped 2 cents ahead of the release of Windows Server 2003.
Motorola climbed 3.7% on a 3G venture.
webMethods rose 4.5% as it neared Jboss integration.
Amazon slipped on children’s privacy concerns.
Cymer gained on its earnings report, while PeopleSoft
, Corning
, Advanced Fibre
and Hutchinson
fell on their reports.
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