Led by banks, tech and an IPO, stocks rise


The financial sages have started calling the market grossly overbought on the near-term, but enthusiasm for stocks is exactly as high now as it was low six weeks ago. That optimism pushed the Dow Jones Industrial Average up 96 points, or 1.2 percent, to 8,125 today.

Tech stocks like Microsoft (MSFT) and Hewlett-Packard (HPQ) were among the market's biggest gainers today, while Exxon Mobil (XOM) and Chevron (CVX) were among just a few Dow components that fell.