Stocks surge as Dow and Nasdaq rally on mixed tech gains
Investors pushed blue chips higher for a third straight session with the Dow up 1 percent to 10,803.16 and the Nasdaq gaining 1.8 percent to 2,539.35. Tech names rebounded selectively while bellwethers Microsoft and IBM eased. Pfizer and Johnson & Johnson led pharmaceutical gains amid broader risk-off sentiment.
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Charles Pradilla
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Mark Minervini
Quantech
Steel imports deepen crisis in U S steel industry
The article reports persistent pain from cheap foreign steel, with imports nearing 1998 levels and U S producers facing fading demand as buyers run down inventories. Bethlehem Steel's Duane Dunham warns the market is not soft landing but a run way crash, while firms like Wheeling-Pittsburgh, J L Structural Steel, and LTV Steel face bankruptcy, plant idling, and asset sales as U S Steel acquires distressed facilities to avoid larger losses.
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