A rise in industrial production and an uptick in commodity prices fueled the advance. After the close, Oracle reported weaker quarterly revenue that missed forecasts and lost 3%. The software giant quarterly earnings were in line with forecasts. Adobe fell around 6% after the company said late Tuesday it was buying e-commerce firm Omniture. The market sentiment remains bullish. It's hard for investors to sit on the sidelines. On the Nasdaq, advancers topped decliners by two to one.
Thursday, September 17, 2009
Spiked to 1-year highs
A rise in industrial production and an uptick in commodity prices fueled the advance. After the close, Oracle reported weaker quarterly revenue that missed forecasts and lost 3%. The software giant quarterly earnings were in line with forecasts. Adobe fell around 6% after the company said late Tuesday it was buying e-commerce firm Omniture. The market sentiment remains bullish. It's hard for investors to sit on the sidelines. On the Nasdaq, advancers topped decliners by two to one.
