Tech stocks posted strong gains on Monday, but blue chips were held back by weak retail sales and war fears.
Note: The Market Close will return on January 2. Happy Holidays.
The Nasdaq rose 18 to 1381, the S&P 500 added 1 to 897, and the Dow slipped 18 to 8493. Volume fell to 1.1 billion shares on the NYSE, and 1.2 billion on the Nasdaq. Advancers led 17 to 15 on the NYSE, and 18 to 14 on the Nasdaq. Upside volume was 48% on the NYSE, and 73% on the Nasdaq. New highs-new lows were 68-47 on the NYSE, and 65-60 on the Nasdaq.
After the close, Sun
rose on a judge’s ruling that Microsoft
must carry Java in Windows. The ruling was expected.
During the day, Inktomi
soared 37% on news that it will be acquired by Yahoo
rose 1.8% despite a court appeal from settlement opponents.
XM Satellite Radio
gained 6% after securing financing.
gained 5.7% on a better than expected warning.
surged 17% after raising guidance.
gained 2.5% on positive comments by former Merrill Lynch Internet analyst Jonathan Cohen.
slipped 2% on news of a shakeup at the top.
, off 0.5%, shipped terabyte tape drives.
lost 3.6% despite a deal with Sprint
Penny stock PacificNet
soared 185% on news of a venture in China.
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