Stocks rose yesterday, extending to a second day their rebound from a deep mid-week rout with the rally again concentrated in technology shares amid better than expected earnings.
Online auctioneer eBay, Symbol Technologies and fibre-optic supplier SDL reported upbeat earnings that further improved the mood on Wall Street.
The Nasdaq Composite index ended up 64.41 points or 1.88 per cent at 3483,01. For the week, the index rose 5 per cent.
The Dow Jones rose 83.61 points to 10,226.59.
On Thursday, the Nasdaq posted its third largest gain in history, a 247-point leap, while the Dow jumped 168 points.
The strong showing came a day after Wednesday's slump that drove the Dow below 10,000 for the first time since mid-March as a lack of confidence about earnings weighed on the market.
