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To: Ibexx who wrote (104944)	9/18/2001 11:04:32 AM
From: Ibexx	Respond to of 152472

09/18 10:36 U.S. Stocks Rise as Technology Shares Gain on Recovery Optimism By Robert Dieterich New York, Sept. 18 (Bloomberg) -- U.S. stocks rose, led by computer, software and telecommunications shares, as investors speculated that these stocks are likely to benefit most from an economic recovery next year. Microsoft Corp., Intel Corp. and Qualcomm Inc. led the Nasdaq Composite Index higher. Interest-rate cuts and other measures governments have taken to boost the economy in response to last week's terrorist attack on the U.S. should eventually spur technology spending, investors said. ``We're looking at how much pain has been visited'' on technology stocks, said Eric Wiegand, who helps manage more than $5 billion in the private client group at Credit Suisse Asset Management. ``Maybe now it's going to get better a little faster than some expected.'' The Nasdaq advanced 17.32, or 1.1 percent, to 1596.87. The Standard & Poor's 500 Index climbed 3.40, or 0.3 percent, to 1042.17, with most of the gain coming from software, computer system, semiconductor and phone equipment shares. The Dow Jones Industrial Average rose 26.16, or 0.3 percent, to 8946.86. Microsoft rose $1.57 to $54.48, Intel gained 78 cents to $24.37 and Qualcomm advanced $2.01 to $47.80. All three stocks fell more than 8 percent yesterday, as the Nasdaq declined 6.8 percent in the first trading after the destruction of the World Trade Center. Ibexx