Tech stocks climb as Bush wins re-election

“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.

219 Comments

  1. I don’t get it, but I’m starting to realise I just don’t understand the American way of thinking. At least this time there is a conclusive result one way or another.

    Congrats to all the Republicans on the board. I just hope your man delivers on the trust you’ve put in him.

  2. Have fun up north. I hear the weather is beautiful this time of year.

    You want to stop by Alec Baldwin’s place on the way? He and his friends might need a lift.

    BTW, God bless you Kerry for sparing us the legal circus.

  3. I’m with Dave H on this. It’s completely baffling. The majority of Bush voters I’ve seen interviewed didn’t give any coherent reasons.

    But at least it’s a proper win this time. With the popular vote and the no apparent rigging. So you’ve only yourselves to blame when he appoints a load of born again God bothering nutcases to positions where they can ride rough-shod over your constitution. Don’t say we didn’t warn you.

    Best of luck. You’ll need it (and so will we).

    And don’t forget. Be Afraid! Because Paranoia is Patriotic.

  4. I can understand why you’all free safe. At least as safe as the French and Germans did when they had a short leader who felt he was guided by a higher force and was in charge of the world’s strongest army. Of course, I believe Napoleon and Hitler led their respective countries to their downfall. It amazes me how many civil liberties the American people have willingly lost over the last 3 years all in the name of ‘safety’. Of course, I am one of those crazy and disturbed Canadians who believes in free healthcare and that invading innocent countries is wrong. Show a booby on TV during the Superbowl and America cries out, mislead the world, act against the UN, bomb an innocent country with no weapons to defend it and America will re-elect you. Nuts!

  5. Is it really over?

    Didn’t Gore conceed as well and take it back?

    Didn’t Edwards say he will fight if Kerry did not win?

    If Edwards lost both the vice presidency and his seat as a senator, is that a good thing? Won’t he start chasing doctors out of NC again?

  6. Im a Canuck, and I don’t know too much about the politics down south. But a country as powerful as the states having someone like bush running it scares the shit out of us up here, and I believe I speak for the majority, (well that I’ve talked to at least ” width=”19″ height=”19″ alt=”smile” style=”border:0;” /> Lets hope George W has a good run this time. It effects the world guys. Not just the USA.

  7. DaveH. Bush won because of morale issues. You see, in the US same sex marriage and abortion are more of a morale issue than going to a pointless war and killing for nothing.
    Even if you tried hard, you won’t understand it.
    Welcome to Canada.
    Evangelist may not like it over here. We allow same sex union and we allow pot. Though guns aren’t something we use that often.
    Also, we’re not at war with anyone.

  8. The beautiful thing about this election is that all the Republicans are going to get what they deserve in the next four years. Many liberals and free thinkers will now flee the country, and the Republicans will be happy about it! In the next four years, noone will dare speak out against this regime – look what happened to those who did in the last four years. The deficit will continue to skyrocket which, by the way, plays right into Al Queda’s plans. America will be hated more than ever internationally. Fear and anger in this country will rule the roost. More civil liberties will be taken away. Lying to the American people will be tolerated (we voted yes on that issue). We will never see a positive campaign again (Bush has proved what works – negative ads that provoke fear). There will be no accountability in the government. Ah yes, the next four years will be wonderful.

    You’ve made your bed Republicans, now you get to sleep in it. Sweet dreams…

  9. and WHAT, if anything about Bush being re-elected would make tech stocks go up?

    Isn’t it just as possible that they were reacting to the end of the contest, regardless of winner ?

    This is nothing more than conjecture on someon’s part, who’s only goal is to give the impression that Bush’s re-election is a good thing.

    IF Kerry had won, and the same headline appeared, everyone would be just as gleeful.

    Americans need to learn how to read the news, and try to figure out what it REALLY means… God knows your not getting the plain, un-varnished truth from TV.

  10. It’s a mad mad mad mad mad world when Microsoft and George Bush rule when they obviously are inferior products.

    Oh well, I guess we can hope Microsoft gets their security act together and hope that George will not screw the pooch for America. We are majorly in debt folks with a spendthrift in power with an trickle down voodoo economic model that has been proven not to work, stuck in a sidetrack war based on faulty intelligence with poorly laid plans to win the peace, increasingly isolating ourselves from the world community, and meanwhile trashing the environment and losing jobs at home. If God really is whispering in George’s ear I hope he starts giving better advice.

    Well, it is over though and I really do sincerely hope that George gets his act together and that I don’t have a chance to say I told you so. For the sake of America and the world.

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