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[ThatHawaiiGuy]

Stocks Rise; Nasdaq Hits 1-1/2 Year High
Monday September 8, 2:57 pm ET


NEW YORK (Reuters) - Stocks rose on Monday in active trade as investors welcomed reports from Wall Street analysts suggesting a rebound in the economy and corporate profits is on its way.
Technology stocks led the way, pulling the technology-packed Nasdaq Composite Index (NasdaqSC:^IXIC - News) to levels not seen since March 2002.

"The momentum is definitely to the upside, and it's continuing," said Peter Dunay, chief market strategist at brokerage Wall Street Access.

Wall Street stumbled on Friday after a report showed that U.S. employers cut jobs in August at their fastest pace since March, but the momentum is still upward, said Dunay.

"We know the economics are getting better -- barring employment -- and we are two weeks away from the earnings. The hope is that the earnings will show as much strength as the economic data."

The Dow Jones industrial average (CBOT:^DJI - News) was up 83.79 points, or 0.88 percent, at 9,587.13. The broader Standard & Poor's 500 Index (CBOE:^SPX - News) was up 9.99 points, or 0.98 percent, at 1,031.38. The technology-laced Nasdaq Composite Index (NasdaqSC:^IXIC - News) was up 27.77 points, or 1.49 percent, at 1,886.01.

International Business Machines (NYSE:IBM - News) was at center stage, its shares gaining ground after Credit Suisse First Boston raised its investment rating on the computer maker. IBM was among the biggest percentage gainers in the blue-chip Dow, rising $2.40, or 2.7 percent, to $89.34.

http://biz.yahoo.com/rb/030908/markets_stocks_19.html


IBM has been in a trading range that's been bery bery good to me although I was not along for this last ride...buy at 80 sell at 90:

http://finance.yahoo.com/q/hp?s=IBM