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Market close: Feeling stronger

Naysayers predicting the worst for U.S. stocks were scratching their heads Monday as investors aggressively snapped up beaten-down technology stocks in a broad-based rally.
Written by ZDNET Editors, Contributor

Naysayers predicting the worst for U.S. stocks were scratching their heads Monday as investors aggressively snapped up beaten-down technology stocks in a broad-based rally. For the day, the Nasdaq closed up 218 points, or 6.5 percent, to 3,538.97. The Dow Jones industrial average moved up an impressive 277 points to 10,582.51, one day after suffering through its largest one-day decline in history. After falling more than 90 points in early trading, the Nasdaq made strong gains in afternoon trading with leaders such as Cisco Systems Inc. (csco), Sun Microsystems Inc. (sunw) and Oracle (orcl) leading the charge. Full story. -- ZDNet Inter@ctive Investor

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