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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (42819)	10/4/2001 9:59:38 AM
From: stockman_scott	Respond to of 65232

Stocks Rise After Dell Cheers Investors Thursday October 4, 9:42 am Eastern Time NEW YORK (Reuters) - Stocks climbed at Thursday's open after Dell Computer Corp. (NasdaqNM:DELL - news), the world's top personal computer maker, stood by its quarterly targets, brightening the mood on Wall Street further following a solid rally in the prior session. High-tech shares were in the lead, and the Nasdaq Composite Index (.IXIC) sprinted 23.03 points, or 1.46 percent, higher to 1,603.84, building on Wednesday's rise of nearly 6 percent, its biggest percentage gain since April. The Dow Jones industrial average (.DJI) climbed 22.07 points, or 0.24 percent, to 9,145.85, while the broader Standard & Poor's 500 Index (.SPX) rose 4.21 points, or 0.39 percent, to 1,076.49. Stocks soared on Wednesday after high-tech bellwether Cisco Systems Inc. (NasdaqNM:CSCO - news) maintained its financial targets and President Bush called for up to $75 billion in additional stimulus measures to pump up the economy. Dell added another dose of cheer to a market grappling with uncertainty after the Sept. 11 attacks on the nation after it reaffirmed its quarterly sales and earnings guidance, saying it was winning new customers and successfully managing operating expenses. Dell's comments, along with those from Cisco the day before, overshadowed a slew of profit warnings from other companies, like fiber-optic cable giant Corning Inc. (NYSE:GLW - news).