Technology And Retail Stocks Rule The Day

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The Dow Jones had a decent day, as technology and retail leaders led a small rally. The primary mover pushing tech stocks up was that Banc of America Securities upgraded the U.S. semiconductor sector. They reasoned that a modest inventory buildup has eased. This lead investors to pounce on some shares.

Retail stocks also shared a small rise today as anticipation for the Economic Stimulus package checks is rising.

Most investors expect the checks to be spent mainly on retail items. Wal-Mart shares were up 1% today on such sentiment. There are a number of major earnings reports coming up this week.

So far investors seemed mixed to upbeat.

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