Stocks surged Tuesday after President Bush said he plans to reappoint Fed Chairman Alan Greenspan.
The Nasdaq rose 26 to 1451, the S&P 500 gained 19 to 911, and the Dow surged 156 to 8484. Volume soared to 1.64 billion shares on the NYSE, and 1.6 billion on the Nasdaq. Advancers led 24-8 on the NYSE, and 20-10 on the Nasdaq. Upside volume was 84% on the NYSE, and 80% on the Nasdaq. New highs-new lows were 202-20 on the NYSE, and 138-30 on the Nasdaq.
After the close, eBaybeat estimates and raised guidance. Ask Jeeves, PeopleSoft, CheckFree, WebSense, Corning, Advanced Fibreand StorageTekalso beat estimates, while Cymerand Hutchinsonmissed.
During the day, AOLgained 3% after raising cash with the sale of Comedy Central, but the company also faces new investigations. AOL reports earnings tomorrow morning.
RealNetworksrose 7% on the acquisition of Listen.com for $36 million.
Silicon Labsclimbed 4% on its earnings report, but E.piphany, Lending Tree, J2 Global, Cognizant, JDAand Sprintfell on their reports.
Nokiarose 2.5% on a security acquisition.
Microsoftadded 2% after easing Windows licensing requirements.
AMDclimbed 1.4% after unveiling its 64-bit chips.
HPgained 3% on a cable deal.
Qwestrose 5% on a new DSL push.
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