Tech Stocks Bounce Back

Susan Hall

Last week was a total downer on Wall Street, but happy days were here again Monday. Especially in tech stocks, reports Wired.

 

While it charts the bounce of tech stocks for the day, the story points out the biggest gains were by Sun Microsystems, up almost 20 percent, or 94 cents, to close at $5.74; Microsoft up 18.6 percent or $4 to $25.50; and Google up 14.8 percent, or $49.02, to close at $381.02.

 

The Dow Jones industrial average rose 936 points -- the biggest single-day point gain in history, according to InformationWeek. In breaking an eight-day losing streak, the rally also lifted the S&P 500 and the Nasdaq Composite. The story notes, however, that there's no way to tell whether Friday was the bottom and whether Monday's bounce will be sustained.



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