Tech stocks climb as Bush wins re-election
Wednesday, November 03, 2004 - 01:00 PM EST"Technology stocks surged Wednesday after President George W. Bush won re-election, as investors welcomed a decisive outcome and placed bets that the tech marketplace will improve during a second Bush term," Chris Kraeuter reports for CBS MarketWatch.
"Among bellwether tech issues, Apple Computer (AAPL), rose $1.81 to a new four-year high of $55.28, Microsoft (MSFT) added 28 cents to reach $28.53, Dell (DELL) rose 79 cents to $36.41 and Cisco Systems (CSCO) climbed 22 cents to $19.51," Kraeuter reports. "Those companies, along with most of the sector, may be poised for an enduring moderate recovery after enduring the worst spending downturn in a generation during Bush's first term."
Full article here.


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