Wednesday, December 17, 2008

Rose sharply on rate cut

All major tech stocks saw gains in afternoon action. Intel was especially strong and jumped 7% om positive company news. Best Buy contributed to early-morning optimism by issuing better-than-expected earnings per share results and in-line guidance for 2009. The tech sector closed above the 50-day moving average. It is a very good sign,
Current (2:50 am ET) NASDAQ Futures: -13.00 1228.00