The Rally Continues, And Tech Leads The Way

Well, now you have a reason to give thanks. The Nasdaq Composite today extended its winning streak to four sessions, with a rally of 67.37 points, or 4.6%, to 1,532.10. That lifted the four-day advance to nearly 216 points, or 16.4%. The Dow Jones Industrials over the same span are up 15.5%. Following up on yesterday’s news that the Fed is injecting $600 billion into Fannie Mae, Freddie Mac and other lenders to push down mortgage rates, the market today gained confidence that a bailout is on the way for Ford and General Motors . The economy is still crummy - consumer spending fell 1% in October, the worst month in seven years - but suddenly the Street seems to think it won’t be quite as crummy as previously feared. Or maybe it’s a dead-turkey bounce. In any case, you can now afford an extra slice of pie. Here’s a look at the top 10 most actively traded tech stocks on the Nasdaq on Wednesday: Microsoft (MSFT) rose 50 cents, or 2.5%, to $20.49. Intel (INTC) ... (link)