New Mobile Computing Era Bringing Big Gains to Chip Makers Intel Corp. (Nasdaq: INTC), NVIDIA Corp. (Nasdaq: NVDA)
January 16, 2011 at 20:00 PM EST
Stocks rose gently but purposefully over the past week as investors collectively remembered that negative recent headlines on Portugal, China and Australia were only bound to push more money toward the United States, not force people back into the bomb shelter of government bonds. It was monkey see, monkey-do: The Dow Jones Industrial Average , Standard & Poor's 500 Index , Nasdaq Composite and Russell 2000 Index all rose by around 1%. Breadth favored decliners by a slim 3-2 margin over advancers, and there were 755 new highs vs. 221 new lows. The new low figure was the highest in awhile, and reflected the decline of the many municipal bond closed end funds. Financials and energy rose the most, while gold and utilities fell the most.