STOCKS rallied in New York led again by rebounding technology shares, as confidence grew that the US Central bank's policy makers would not raise rates at this week's policy meeting.
The technology sector continued to bounce back from a recent slide on worries about computer industry profits. Leading industry names such Intel, Cisco Systems and Microsoft led the Nasdaq market, while IBM led the technology advance in the Dow and the NYSE.
Analysts said the latest data provided more ammunition to those who would keep rates unchanged at least until August, when more economic data would be available.
The Dow Jones enjoyed its best one day gain since adding almost 100 points on March 18th.
The Nasdaq composite index rose 12.63 to 1197.65, its third straight gain of more than 12 points and the American Stock Exchange's market value index rose 3.46 to 580.25.
