Dow Jones & Nasdaq benefit from tech rebound

US market saw rebound after consecutive fall. Heavy weight tech stocks Cisco and Intel was obviously favored. Merrill Lynch and Morgan Stanley Dean Writter expected US stocks to have reached bottom, which spread favorable atmosphere on the market. Nasdaq surged by 25.29 pts, or 1.2%, to close at 2142.92 pts.Dow Jones Industrials Average rose by 95.99 pts, or 0.9%, to close at 10562.3 pts. But on the main board transactions were mere 921 mln lots because of blizzard.

Related stock : (NIL)