.....nicht schlecht für einen durchschnittlichen Börsentag!
Aber bitte kein Neid,habe leider nicht zu Tiefstkursen eingekauft!!;-((
Wall Street - Technology shares close higher on positive signals on economy
SAN FRANCISCO (AFX) - Technology shares closed sharply higher, with the Nasdaq moving back above the key 1,800 level, after investors were encouraged by signs that the US economy is in recovery mode, dealers said.
The Nasdaq Composite index closed up 4.12 pct, or 71.27 points at 1,802.76, while the Nasdaq 100 was 76.19 higher, or 5.61 pct, at 1,435.41.
The Philadelphia Semiconductor (Sox) index was up 11.05 pct, or 56.44 points, at 567.27.
On the broader market, the DJIA was up 262.73, or 2.60 pct, at 10,368.86 while the S&P 500 was up 25.06, or 2.26 pct, at 1,131.79.
The gains came on the heels of a raft of encouraging reports on the US economy.
The data showed personal spending climbed 0.4 pct last month, beating analyst forecasts for a 0.3 pct increase, while a separate report said personal income grew 0.4 pct in January -- against expectations of a 0.1 pct rise.
Good news also came from the manufacturing sector, which has been contracting since the middle of 2000.
The Institute for Supply Management's factory index -- a gauge of manufacturing activity -- rose more sharply than expected to 54.7 last month, from 49.9 in January. A reading above 50 suggests the sector is expanding.
"The news has been very upbeat," said Hugh Johnson, chief investment officer at First Albany. "The data we have seen confirm that the economy is recovering."
And he said fears over accounting irregularities -- concerns which have plagued the market over the last few weeks -- "seem to have dissipated."
Among the gainers, IBM was higher after SG Cowen said the stock was undervalued at current levels and said it could rise to 145 usd if the company meets its financial targets.
SG Cowen analyst Steve Weber re-iterated his 'strong buy' rating on the company and said its shares were "conspicuously undervalued".
"If results come through as we contemplate, we believe that IBM stock can again trade at a 20 to 25 pct premium (to the broader market)," the broker said.
IBM was up 4.90, or 4.99 pct, at 103.02.
In chips, Micron was higher after Thomas Weisel raised its price target and profit forecasts for the memory chip company.
Raising its price target on Micron's shares to 45 usd to 60 usd, the broker said demand and contract prices for computer memory chips are rising.
Micron was up 4.14, or 12.88 pct, at 36.29.
Also supporting the chip sector was some encouraging news from semiconductor equipment production firm Novellus, which raised its first quarter profit forecasts.
In a meeting with analysts last night, Novellus chief executive officer Richard Hill said the company expects to post a first-quarter loss of 9 cents a share, better than a 10 cents-a-share loss it forecast in January when it reported 2001 earnings.
The news sent shares in Novellus up 5.97, or 14.02 pct, to 64.22.
Other chip equipment groups also gained, with Applied Materials up 4.51, or 10.37 pct, at 47.98, and KLA Tencor up 10.90 pct, or 6.31, at 64.22.
Also in chips, Intel moved up 8.51 pct, or 2.43, at 30.98.
In the internet sector, Yahoo rallied after WitSoundView raised its rating on the company to 'strong buy' from 'buy', citing an improvement in the advertising market.
Yahoo was up 14.87 pct, or 2.15 at 16.61.
Among the losers, Oracle fell on concerns over its short-term prospects. It closed down 3.79 pct, or 0.63 lower at 15.99.
Aber bitte kein Neid,habe leider nicht zu Tiefstkursen eingekauft!!;-((
Wall Street - Technology shares close higher on positive signals on economy
SAN FRANCISCO (AFX) - Technology shares closed sharply higher, with the Nasdaq moving back above the key 1,800 level, after investors were encouraged by signs that the US economy is in recovery mode, dealers said.
The Nasdaq Composite index closed up 4.12 pct, or 71.27 points at 1,802.76, while the Nasdaq 100 was 76.19 higher, or 5.61 pct, at 1,435.41.
The Philadelphia Semiconductor (Sox) index was up 11.05 pct, or 56.44 points, at 567.27.
On the broader market, the DJIA was up 262.73, or 2.60 pct, at 10,368.86 while the S&P 500 was up 25.06, or 2.26 pct, at 1,131.79.
The gains came on the heels of a raft of encouraging reports on the US economy.
The data showed personal spending climbed 0.4 pct last month, beating analyst forecasts for a 0.3 pct increase, while a separate report said personal income grew 0.4 pct in January -- against expectations of a 0.1 pct rise.
Good news also came from the manufacturing sector, which has been contracting since the middle of 2000.
The Institute for Supply Management's factory index -- a gauge of manufacturing activity -- rose more sharply than expected to 54.7 last month, from 49.9 in January. A reading above 50 suggests the sector is expanding.
"The news has been very upbeat," said Hugh Johnson, chief investment officer at First Albany. "The data we have seen confirm that the economy is recovering."
And he said fears over accounting irregularities -- concerns which have plagued the market over the last few weeks -- "seem to have dissipated."
Among the gainers, IBM was higher after SG Cowen said the stock was undervalued at current levels and said it could rise to 145 usd if the company meets its financial targets.
SG Cowen analyst Steve Weber re-iterated his 'strong buy' rating on the company and said its shares were "conspicuously undervalued".
"If results come through as we contemplate, we believe that IBM stock can again trade at a 20 to 25 pct premium (to the broader market)," the broker said.
IBM was up 4.90, or 4.99 pct, at 103.02.
In chips, Micron was higher after Thomas Weisel raised its price target and profit forecasts for the memory chip company.
Raising its price target on Micron's shares to 45 usd to 60 usd, the broker said demand and contract prices for computer memory chips are rising.
Micron was up 4.14, or 12.88 pct, at 36.29.
Also supporting the chip sector was some encouraging news from semiconductor equipment production firm Novellus, which raised its first quarter profit forecasts.
In a meeting with analysts last night, Novellus chief executive officer Richard Hill said the company expects to post a first-quarter loss of 9 cents a share, better than a 10 cents-a-share loss it forecast in January when it reported 2001 earnings.
The news sent shares in Novellus up 5.97, or 14.02 pct, to 64.22.
Other chip equipment groups also gained, with Applied Materials up 4.51, or 10.37 pct, at 47.98, and KLA Tencor up 10.90 pct, or 6.31, at 64.22.
Also in chips, Intel moved up 8.51 pct, or 2.43, at 30.98.
In the internet sector, Yahoo rallied after WitSoundView raised its rating on the company to 'strong buy' from 'buy', citing an improvement in the advertising market.
Yahoo was up 14.87 pct, or 2.15 at 16.61.
Among the losers, Oracle fell on concerns over its short-term prospects. It closed down 3.79 pct, or 0.63 lower at 15.99.
