Wednesday, November 7, 2012

Posted gains in light trading

Stocks rallied on light volumes, extending gains into a second day, as the market embraced the notion that the uncertainty that has come with the presidential campaign soon would be over. Tech stocks followed the broader market with AOL surging 22% on upbeat earnings report. Among other tech stocks, gains came from Seagate Technology, Microsoft, Hewlett-Packard and Amazon.com. Implied volatility inched lower on the light trading volumes.