Wednesday, October 31, 2007

Blogs scream Google but Microsoft is volume leader today

The markets rallied (in general) today on the Fed discount rate cut ... despite the fact that the cut had been widely anticipated.

It was straight up for most indexes just after the Fed's announcement.

In 'our world', (search stocks) Google DID climb over the 700 mark (an over 50 per cent increase on the year for GOOG), and Microsoft ( MSFT ) was the volume leader also hitting a new multi-year high as of this post (3:19 PM eastern) of 36.95.

Yahoo (YHOO) held generally steady trading at about 31.07.
IAC (parent of also released 'healthy' earnings today.

Search sector alive and well going into the holidays? Well see :)

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