Better than expected results from Dow components Merck and Procter & Gamble helped the market recover some of its recent losses on Tuesday.
The Nasdaq gained 17 to 1342, the S&P 500 climbed 11 to 858, and the Dow rose 99 to 8089. Volume rose to 1.46 billion shares on the NYSE, but declined to 1.42 billion on the Nasdaq. Advancers led 21-11 on the NYSE, and 20-12 on the Nasdaq. Upside volume was 74% on the NYSE, and 76% on the Nasdaq. New highs-new lows were 48-76 on the NYSE, and 48-77 on the Nasdaq.
After the close, Novellusand Cymerraised estimates. Photon, RealNetworks, Looksmart, Veritasand Interwovenbeat estimates. Borlandmissed estimates. Intersilguided lower. Advanced Fibrecame in light on revenues.
During the day, Siebelgained 5.6% on an expanded partnership with IBM, up 2.2%. Big Blue, meanwhile, is pushing messaging and collaboration technologies.
EarthLinkgained 5.4% on news of layoffs and restructuring.
Yahooclimbed 3% after settling a lawsuit with Sone, which edged up 0.2%.
Microsoftlost 0.7% despite a legal victory.
Cisco, up 3.7%, expanded its mid-market offerings.
AT&T Wirelessfell 4.5% on disappointing results.
Apple, up 3.2%, reshuffled its Power Mac offerings.
P-Com, up 4.3%, is buying a switching company.
Hotels.comslipped on a copyright infringement lawsuit.
Dicefell 67% on plans for bankrupcty and going private.
Proxim, up 4.1%, unveiled WiFi offerings.
Vitessegained 7% on its earnings report, but Kronos, Powerwaveand Overstock.comall fell on their reports.
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