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WEDNESDAY, NOVEMBER 25, 2009
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Tech Rally Sends Dow Up 257

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(Newser) – The tech sector drove a substantial market rally today led by rosy projections from chipmaker Intel, the Wall Street Journal reports. Other technology stocks followed Intel—up 7.5%—as investors predicted a resurgence of the consumer electronics market. Good news from the Fed and the credit industry also helped fuel the surge. The Dow was up 257.62, or 3.1%, to 8,616.21. The S&P gained 26.83, to 932.67. And NASDAQ tacked on 63.17 to end at 1,862.90.

Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
Traders work on the floor of the New York Stock Exchange.
Traders work on the floor of the New York Stock Exchange.   (AP Photo)
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There's no question that when you get positive guidance from a high-profile company like Intel, that's a very encouraging sign.
- Ted Weisberg, Seaport Securities

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