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Chart for NASDAQ Composite Index (^IXIC)
Symbol Last Change
Dow 11,980.52 Up 108.68 (0.92%)
Nasdaq 2,717.55 Up 28.01 (1.04%)
S&P 500 1,290.84 Up 7.49 (0.58%)
10-Yr Bond 3.41% Down 0.01
NYSE Volume 4,499,044,000.00
Nasdaq Volume 1,929,186,000.00
Indices: US - World | Most Actives

Advances & Declines

  NYSE NASDAQ
Advances 2,724 (68%) 1,730 (62%)
Declines 1,146 (29%) 943 (34%)
Unchanged 113 (3%) 102 (4%)
Up Vol* 2,657 (1311%) 1,457 (76%)
Down Vol* 1,805 (890%) 449 (23%)
Unch. Vol* 36 (18%) 20 (1%)
New Hi's 260 83
New Lo's 27 22
*in millions
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Market Update

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4:30 pm : Large-cap tech rallied after it had lagged last week. That helped the Nasdaq outperform, but it was the Dow that set a new two-year high as it advanced more than 100 points to settle just 20 points shy of the 12,000 mark.

Tech stocks were a bit mixed in early trade, but buying quickly picked up after the sector started to run. Tech stocks settled with a 1.6% gain.

NVIDIA (NVDA 24.73, +2.51) was a leader among tech issues following positive mention in the financial press over the weekend. Heavyweight tech issues Microsoft (MSFT 28.38, +0.36), Intel (INTC 21.24, +0.42), and Cisco (CSCO 21.17, +0.44) complemented its strength and, in turn, drove both the Nasdaq Composite and Nasdaq 100 to their best percentage gains in three weeks. IBM (IBM 159.63, +4.13) also caught a big bid, which took the stock to a new record high and helped drive the Dow to within just 20 points of the 12,000 line for the first time since June 2008.

J.C. Penney (JCP 32.52, +2.18) shares made their sharpest single-session spike in three months after the retailer said that it will take strategic actions to maximize growth and profitability. The stock settled comfortably above its 50-day moving average for the first time in two weeks. The rest of the retail space failed to follow, though; they advanced just 0.3%.

Market participants were generally unimpressed by the latest round of earnings, which featured a bottom line beat by Halliburton (HAL 39.55, +0.36) and in-line results from McDonald's (MCD 75.38, +0.37). Both were relative laggards.

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