Stocks bounced back from a steep sell-off a day earlier, as Italian bond yields eased slightly and initial unemployment claims reached a 7-month low. Also, solid earnings from Cisco lifted the mood. Tech stocks mostly closed in the green with Cisco advancing 5.7% on upbeat profit and sales. Electronics contract manufacturers that rely on Cisco for big pieces of their business were mostly upbeat, including Jabil Circuit and Celestica. Meanwhile, Apple slid 2.6% on worries that the company might ship fewer iPad tablets this year because of supply issues. After the close Nvidia extended gains, rising 2.3% on stronger-than-expected third-quarter earnings. Implied volatility declined below the 30 level on moderate volumes.NEAREST RESISTANCE LEVELS: 56.9, 57.0, 57.8, 59.1, 59.3
NEAREST SUPPORT LEVELS:56.6, 56.3, 55.8, 53.0, 50.0
