Technology stocks continued to outperform Thursday on better than expected results from Broadcom and Nokia, and blue chips gained on a manufacturing report that wasn’t as bad as feared.
The Nasdaq surged 30 to 1425, the S&P 500 rose 13 to 893, and the Dow climbed 80 to 8337. Volume declined to 1.38 billion shares on the NYSE, but rose to 1.6 billion on the Nasdaq. Advancers led 24-8 on the NYSE, and 20-9 on the Nasdaq. Upside volume was 84% on the NYSE, and 80% on the Nasdaq. New highs-new lows were 109-20 on the NYSE, and 97-26 on the Nasdaq.
After the close, Internet Security, Netflix, Gateway, PMC-Sierra, Scientific Atlantaand Xilinxbeat estimates. WebExcame in light on revenues and guided slightly lower.
During the day, Nokiarose 6.6% after beating estimates, and Broadcomsoared 16% on its results.
SAPsurged 7.6% on its earnings report.
UTStarcom, Lam Researchand SanDisksoared on their results, and Mercury Interactiveand AMDgained on their reports.
Sunslipped after missing revenue estimates, and Appletraded lower on its earnings.
Microsoftclimbed 2.4% despite a serious windows flaw.
Ciscogained 2.9% after boosting its Channel Partner Program, which makes up 90% of the company’s business.
FindWhatsurged 11% after raising its minimum bid price.
Synopsisgained 2.8% on an acquisition.
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