Late tech rally boosts Dow
According to preliminary reports, the Dow Jones industrial average gained 74.83 to 8,818.14. The Nasdaq composite added 10.82 to 1,345.12. The Standard & Poor's 500 index rose 10.63 to 930.25.
Stocks had dipped at midday following a weak regional manufacturing report, but a second attempt at a tech rally pushed stocks higher in late-afternoon trade.
Shares of Brocade Communications rose $0.91 to $15.96 after the data storage maker reaffirmed its forecast for improved earnings and revenue in its current quarter.
Dow component and computer maker Hewlett-Packard rose $0.37 to $15.00 after Lehman Bros upgraded the company’s shares to ‘equal-weight’ from ‘under-weight’
The dollar was a little weaker versus the euro and a little higher versus the yen. Light crude oil futures gained 87 cents to $28.38 a barrel, while gold was a little higher.






