Nice point gains across the board, with a lunchtime spurt to new heights.
About equal strength in Telecom, Techs, Industrials, and Energy; Financials the market leader. 4-1 advancing/declining stocks.
1) Widely noted that financials are strong ahead of the Fed meeting.
2) The dollarhas been weaker almost all day; while oil and copper are stronger, most other commodities are not, and while commodity stocks are up, they lag the overall market.
3) Techs stronger on comments from semiconductor equipment maker Applied Materials(AMAT), which talked about improved demand, and to Acer, the third-biggest PC maker in the world (Taiwan-based) which also was talking about improved demand in the notebook market.
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