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

To: StanX Long who wrote (56953)	12/5/2001 12:53:57 AM
From: StanX Long	Respond to of 70976

Strong Buying Markets Higher Ahead of Q4 Warnings Season The Associated Press abcnews.go.com N E W Y O R K, Dec. 4 — Strength in the technology sector sent stocks soaring today in a rally that gave investors hope the market's post-Sept. 11 advance still has momentum. Check Your Portfolio \| Stock Quotes The Dow Jones industrials scored a triple-digit advance as buying gained intensity late in the session. But analysts were skeptical that the market was beginning another extended run upward and noted that there are still few signs that business and the economy are stabilizing. "I'm not seeing any news today that is specifically causing this, but it looks like investors are anticipating better times ahead and saying that 'We better own stocks because the tide is getting ready to turn,"' said Bill Barker, investment strategy consultant with RBC Dain Rauscher. "It also could be seasonality. December historically is a pretty good month for the market and we usually do get a yearend rally," he said. The market also got a lift from comments by President Bush, who, speaking to a Florida audience, demanded action from Congress on an economic stimulus package. Cisco Systems rose 66 cents to $20.52 after the company's chief executive told an analysts meeting November orders met expectations, although he also implied that the company's outlook hasn't changed. Other tech gainers included Hewlett-Packard, up $1.01 at $22.50, and Ciena, which rose $1.67 to $18.73. The enthusiasm also helped other sectors. Home Depot rose $1.31 to $47.70 after Merrill Lynch added the stock to its focus list, suggesting it expects strong performance ahead.