Markets recover from last week’s inflation scare

The TSE’s twin towers, BCE and Nortel added C$7 and $7.85 to $178.50 and $175.25 respectively. Other sub-sectors chipped in a little and the TSE 300 composite added 179.69 to 9,527.30.

The CDNX was equally buttressed by its tech stocks, with that sub-sector adding 2.4%. The venture exchange added 57.11 to 3,616.80. Aqua 1 Beverage swelled by 55% to 25 cents. EBully jumped by 175% to 55 cents, and Linnor traded at $1.12, up 20%.

The Dow was led by Microsoft, Walmart and AT & T and to 10,811.78, up 77.87. Boeing, Merck and Coca-Cola capped the rise. The S&P 500 added 15.88 to 1468.31.

The Nasdaq fared equally well, where gainers outpaced losers by 25-15. Internet and networking stocks pushed ahead, as did biotech stocks. The index finished up 97 to 3,958. Linux-based issues, like Red Hat and Corel, jumped on speculation that the alternative operating system those companies profit from could profit from a Microsoft break up.