Tech stocks finally joined the Dow 10,000 party on Thursday, led by a 4% surge in chip stocks.
There was plenty of good news to go around for the lagging semiconductor sector.
Jabil Circuitsoared 9% after beating estimates, and Cypress Semigained 5% after raising guidance.
Micronrose 5% on a positive DRAM forecast, while Intelclimbed 2% on plans to enter the digital TV market.
The broader market soared on better than expected weekly jobless claims, leading economic indicators and manufacturing reports.
The Nasdaq surged 34 to 1956, the S&P 500 gained 12 to 1089, and the Dow rose 102 to 10,248. Volume rose to 1.56 billion shares on the NYSE, and 1.72 billion on the Nasdaq. Advancers led 24-8 on the NYSE, and 21-10 on the Nasdaq. Upside volume was 86% on the NYSE, and 84% on the Nasdaq. New highs-new lows were 452-7 on the NYSE, and 131-17 on the Nasdaq.
After the close, RealNetworksannounced an antitrust suit against Microsoft. Tektronixbeat estimates, Red Hat, Paychexand Solectronmatched estimates, and Manugisticsbeat on earnings but missed on revenues. ValueClickand Silicon Storageraised guidance.
During the day, University of Phoenix Onlinesurged 6% after beating estimates.
palmOneplunged 22% on a warning.
Tibcoand 3Comgained on better than expected results, but Cognosfell on its report.
EMCand Sunrose 3% each on rumors of a partnership.
United Onlinebolted 7% on positive analyst comments.
Activisionsoared 16% after raising guidance.
And Salesforce.com plans an IPO.
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