US
stocks rise; Nasdaq best week in over a year
New York: Stocks
rose on 17 May as an upbeat outlook from the computer-chip sector and
strong results from Dell Computer Corp drove the technology-loaded
Nasdaq to its largest weekly jump in more than a year.
"Dell is a really
important indicator, so it adds a little further strength to the
feeling of economic rebound," said Gary Wedbush, head of trading
at investment bank Wedbush Morgan. "The rise this week was pretty
broad too, and its specifically in industries that indicate that
people are seeing a recovery, like semiconductors and retailing."
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