Stocks posted big gains Monday on strong results from Citigroup , a $25 billion buyout of Sallie Mae
and a solid retail sales report.
With consumer inflation data and a number of high-profile earnings reports coming on Tuesday, investors will have even more to digest tomorrow.
For technology investors, earnings season swings into high gear this week, with IBM , Intel
, Yahoo
and EMC
reporting results on Tuesday, followed by eBay
on Wednesday and AMD
and Google
on Thursday.
Amazon.com doesn’t report quarterly results until April 24, but the stock surged 6.6% Monday on upbeat comments from Deutsche Bank.
aQuantive gained in the wake of the Google-DoubleClick merger.
JDA surged 13% after raising guidance, while LightPath
fell on its outlook.
The Nasdaq rose 26 to 2515, the S&P 500 gained 15 to 1468, and the Dow rose 108 to 12,720. Volume rose to 2.85 billion shares on the NYSE, but declined to 1.83 billion on the Nasdaq. Advancing issues led by a 23-9 margin on the NYSE, and 22-8 on the Nasdaq. Upside volume was 79% on the NYSE, and 73% on the Nasdaq. New highs-new lows were 405-15 on the NYSE, and 254-30 on the Nasdaq.