Stocks rallied to end the day sharply higher. The gains came as concerns over Europe’s debt crisis eased and investors geared up for President Obama’s highly anticipated jobs speech Thursday evening. An unexpectedly upbeat forecast from Nvidia triggered a tech rally as chip stocks posted strong gains. Nvidia jumped 8.1% after the chip maker issued a stronger-than-anticipated fiscal-year 2013 outlook. Yahoo also highlighted the tech advance, as the stock jumped 5.4% after CEO Carol Bartz was fired by Yahoo’s board. Implied volatility inched lower on light trading volumes.
Thursday, September 8, 2011
Closed sharply higher
Stocks rallied to end the day sharply higher. The gains came as concerns over Europe’s debt crisis eased and investors geared up for President Obama’s highly anticipated jobs speech Thursday evening. An unexpectedly upbeat forecast from Nvidia triggered a tech rally as chip stocks posted strong gains. Nvidia jumped 8.1% after the chip maker issued a stronger-than-anticipated fiscal-year 2013 outlook. Yahoo also highlighted the tech advance, as the stock jumped 5.4% after CEO Carol Bartz was fired by Yahoo’s board. Implied volatility inched lower on light trading volumes.
