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, Novellus
raised estimates. Photon
beat estimates. Borland
missed estimates. Intersil
guided lower. Advanced Fibre
came in light on revenues.
gained 5.4% on news of layoffs and restructuring.
climbed 3% after settling a lawsuit with Sone
, which edged up 0.2%.
lost 0.7% despite a legal victory.
, up 3.7%, expanded its mid-market offerings.
fell 4.5% on disappointing results.
, up 3.2%, reshuffled its Power Mac offerings.
, up 4.3%, is buying a switching company.
slipped on a copyright infringement lawsuit.
fell 67% on plans for bankrupcty and going private.
, up 4.1%, unveiled WiFi offerings.
gained 7% on its earnings report, but Kronos
all fell on their reports.
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