Broad-based buying on the back of upbeat data boosted the major indices to fresh 52-week highs, but the Dow flirted with the psychologically significant 11,000 mark. Apple lagged a bit in the early going amid suggestions that initial sales of its iPad, have been underwhelming. Howerer, JPMorgan increased their target on the stock. The Semiconductor Industry Association reported that worldwide semiconductor sales in February decreased 1.3% from January. The QQQQ implied volatility little changed.
Tuesday, April 6, 2010
Surged on upbeat data
Broad-based buying on the back of upbeat data boosted the major indices to fresh 52-week highs, but the Dow flirted with the psychologically significant 11,000 mark. Apple lagged a bit in the early going amid suggestions that initial sales of its iPad, have been underwhelming. Howerer, JPMorgan increased their target on the stock. The Semiconductor Industry Association reported that worldwide semiconductor sales in February decreased 1.3% from January. The QQQQ implied volatility little changed.
