Reply #83: 10:05 EST Doing the Happy Dance! [View All]

[UpInArms]

Dow 11,141.09 +42.74 (+0.39%)
Nasdaq 2,176.70 +17.93 (+0.83%)
S&P 500 1,261.50 +4.93 (+0.39%)
10-Yr Bond 5.014 -0.52 (-1.03%)

NYSE Volume 391,412,000
Nasdaq Volume 380,176,000

10:00 am : Major averages bounce off their opening lows amid reports that the World Health Organization has found "no evidence" that bird flu is more contagious in humans. The indices are now posting modest gains as the bulk of industry leadership turns in favor of the bulls. Providing the biggest source of support is Technology (+1.0%), led by a 1.6% rebound in Semiconductor and a recovery in Software. Financial is also providing some notable leadership, as Brokerage stocks regain more upside momentum, while Health Care is getting a lift from Medtronic (MDT 49.60 +1.65), which fell to a new 52-week low yesterday but is up 3.4% today after raising its FY07 and FY08 EPS outlook. DJ30 +30.18 NASDAQ +13.36 SP500 +2.69 NASDAQ Dec/Adv/Vol 1531/949/310 mln NYSE Dec/Adv/Vol 1934/740/234 mln