TSC 21: Index Soars as 17 Components Rise
Updated from 1:49 p.m. EDT
TheStreet.com 21 index charged higher Monday with the markets, reinforcing the belief that last week's blackout won't hamper the anticipated economic turnaround.
The index closed the day at 1046.60, up 27.74, or 2.7%, from Friday's close, while the market rallied on a positive economic outlook despite the massive power failure in the Northeast last week. The
Dow Jones Industrial Average
rose 90.76 points, or 0.97%, and the
Nasdaq
gained 37.48 points, or 2.2%, to close at 1,739.49.
Yahoo!
(YHOO)
jumped $1.41, or 4.72%, to $31.29 for its highest close since Aug. 1.
Continental Airlines
(CAL) - Get Report
picked up 51 cents, or 3.83%, to close at $13.82, and
General Electric
jumped $1.02, or 3.54%, to $29.80 as rumors swirled about a possible deal materializing with
Vivendi
(V) - Get Report
.
Solectron
(SLR)
TheStreet Recommends
climbed 16 cents, or 3.2%, to $5.16;
Caterpillar
(CAT) - Get Report
gained $2.08, or 2.93%, to close at $73.04, after setting a new 52-week high at $73.14, and
Tiffany
(TIF) - Get Report
shined, up $1.03, or 2.72%, to close at $38.83.
In all, 17 components of the index reaped gains.
Level 3 Communications
(LVLT)
leveled off at $4.72.
Kohl's
(KSS) - Get Report
lost $1.09, or 1.72%, to close at $62.45 after Sanford Bernstein lowered its rating on the retailer to market perform from outperform, and
E*Trade
(ET) - Get Report
and
Best Buy
(BBY) - Get Report
took small losses.
The 21 stands 46.6 points, or 4.7%, ahead of its start on July 3, at 1000.
