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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56617)	11/30/2001 1:41:08 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Just when I thought we were still going down, final the bottoms in and everything is blue skies and a fair wind from here on out. Ya ;0( Optimism Emerges Wall Street Back in Buy Mode The Associated Press abcnews.go.com N E W Y O R K, Nov. 29 — Technology stocks, expected to pull the market higher as the economy recovers, showed some of that promise today, rising solidly and helping Wall Street end two days of profit taking. "The market is looking for leadership. Ultimately, that leadership will come from technology," said Ronald J. Hill, investment strategist at Brown Brothers Harriman & Co., reasoning that other industries already have recovered. The Dow Jones industrial average closed up 117.56, or 0.2 percent, at 9,829.42, according to preliminary calculations. The uptick followed two days of profit taking that dragged the Dow down 270 points. The Dow is 19.3 percent above its low of 8,235.81, where it closed Sept. 21 following the terror attacks. Among the Dow's biggest gainers were its tech components with IBM gaining $2.28 to $114.43, Microsoft rising $2.04 to $64.84 and Hewlett-Packard rising $1.23 to $21.40. The broader market also advanced. The Nasdaq composite index rose 45.28, or 2.4 percent, to 1,933.25 and the Standard & Poor's 500 index gained 11.69, or 1.0 percent, to 1,140.21. Some of the advance was attributed to a Commerce Department report that durable goods orders soared a record 12.8 percent in October. "People are becoming more comfortable that the economic downturn is behind us. The stock market is forward looking, and … the notion is that we have a bottom in place, that we have made our lows," said Brian Belski, fundamental market strategist for US Bancorp Piper Jaffray.