Stocks soared Wednesday as U.S. forces advanced toward Baghdad.
The Nasdaq soared 48 to 1396, the S&P 500 surged 22 to 880, and the Dow soared 215 to 8285. Volume rose to 1.56 billion shares on the NYSE, and 1.64 billion on the Nasdaq. Advancers led 23-9 on the NYSE, and 22-9 on the Nasdaq. Upside volume was 87% on the NYSE, and 83% on the Nasdaq. New highs-new lows were 118-16 on the NYSE, and 127-30 on the Nasdaq.
After the close, Dellreaffirmed guidance. Interwoven’sCEO resigned, Cognosbeat estimates, and JDAwarned.
During the day, Overtureplunged 11% on an analyst’s report that Microsoftmay develop a competing service – even though Microsoft denied the report.
Dell, up 3.2%, announced alliances with Oracleand EMC, which gained 6.5% and 4%, respectively.
Gatewayand Qwestrose despite saying they will file their annual reports late.
Network Associatesgained 4% on an acquisition.
WebExfell 4.6% after warning.
J2 Globaland United Onlinerocketed to new 52-week highs.
Computer Sciencesfell 12% on accounting concerns.
HProse 2.3% despite a minor revolt by shareholders.
SBCclimbed after passing on DirecTV.
AMDgained more than 9% after unveiling a faster transistor.
Qualcommfell 5% on concern about competition from Samsung.
Concord EFSrose 4.8% on a buyout offer from First Data.
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