[url]http://money.cnn.com/2011/06/27/markets/markets_newyork/?npt=NP1[/url]
[quote]NEW YORK (CNNMoney) -- Forget having a case of the Mondays.
[b]Stocks started off the week with solid gains, as strength in the technology sector boosted all three major indexes.[/b]
The Dow Jones industrial average (INDU) rose 108 points, or 0.9%, with 26 of its 30 components in the black. Microsoft (MSFT, Fortune 500) led the broader index, gaining 3.7%, after the company announced a licensing deal with military contractor General Dynamics (GD, Fortune 500).
Overall, the S&P 500 (SPX) added 11 points, or 0.9%; and the tech-heavy Nasdaq (COMP) rose 35 points, or 1.3%.
Adding to the tech sector's strength, Amazon (AMZN, Fortune 500) shares rose 4.5% after Morgan Stanley issued a bullish report on the company and added the tech giant to its "Best Ideas" list.
The report stated that Amazon's opportunities for global expansion are under-estimated by investors.
Meanwhile, jitters about Greece's debt crisis still hang in the air, but could be overshadowed temporarily by optimism about the upcoming earnings season.
Stocks don't need (or want) more stimulus
"The market is looking queasy, but that is not unusual as June comes to an end," said Don Hays, chief investment officer for Hays Advisory Group. "Just keep this in mind -- today, the stock market is giving you the best value of any time in the last 30 years, and the earnings of corporate America are up to records and headed higher."
Expect markets to be volatile this week, said Rich Ilczyszyn, market strategist with futures broker Lind-Waldock.
"This is the last week of the month and we have a big holiday this weekend. I'm actually looking for the big boys -- the big traders -- to lighten their loads and reduce some risk probably by Wednesday," he said.
It has been a difficult and choppy three months for Wall Street. The Dow has fallen 3% since March 3, while the broader market S&P 500 index is down 4.3%.[/quote]
I fucking love technology.:mmmhmm:
what does this mean?
[QUOTE=nikola631;30754120]what does this mean?[/QUOTE]
it means the shit is worth more
didnt you pay attention in 7th grade economics
we had geography in 7th grade o.o
Um OK. This isn't really news. Some days Tech causes stocks to go down, some days it causes them to go up but most days it doesn't cause anything. And anything it does is temporary so it doesn't matter in the least.
[QUOTE=Spycrabz;30754423]it means the shit is worth more
didnt you pay attention in 7th grade [b]geography[/b][/QUOTE]
jesus christ my lungs
Well perhaps the australian curriculum is different, economics falls under geography here :colbert:
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