Technology stocks were -- surprise! -- soaring once again as positive earnings and research reports powered the already optimistic sector.
TheStreet.com Internet Sector
index was rocking 30.1, or 3.3%, to a record 932.4 powered by
. Its stock rose 4 7/8 to 129 5/8, as it carried over the strength of yesterday's upbeat comments from
, which slapped a 186 price target on the stock.
was also a big contributor to the DOT's gains, lifting 2 15/16 to 90 15/16.
was up 3 1/16 to 158 11/16.
Nasdaq Composite Index
was on a tear again, rising 34.7, or 1.1%, to 3304, on course for another record close.
was popping 17 9/16, or 21.5%, to 99 5/8, after
Credit Suisse First Boston
jacked up its price target to 145 from 83 and said the Internet software maker was on track to exceed earnings expectations.
was rising 1 13/16 to 86 9/16 on news it is in talks to acquire 30% of
, the telecommunications-systems maker 50%-owned by
and 50% by
was providing some leadership, as investors bid the price of the stock up 11 1/4, or 13.9%, to 92 3/16, after an upside
earnings report last night. Never mind that CEO Carly Fiorina cautioned H-P is not out of the woods just yet.
was getting a warm Wall Street welcome on its first day of trading, with shares jumping 12 3/16, or 40.6%, to 42 1/4, after being priced last night at $30 a share.
The Street.com E-Finance
index was rising 4 1/32, or 4.9%, to 86 3/16, while
index was gaining 3.31, or 2.7%, to 124.52.
was gaining 2 1/8, or 4.9%, to 44, while
was up 1 5/16 to 36 5/16.