NEW YORK — The NASDAQ Composite Index continued to rise Wednesday morning after rallying Tuesday to its third-biggest gain ever.
Ebay Inc. gained after the biggest Internet auctioneer beat analysts' estimates. Nortel Networks Corp. rose after beating first-quarter forecasts.
Four of the 10 biggest daily percentage gains in NASDAQ history have occurred this month. But so have four of its largest declines.
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The NASDAQ opened Tuesday's the session strong and moved higher as the day progressed. At the close, the index was up 228.75 points, or 6.6 percent, to 3,711.23. The strength was extremely broad-based: 96 stocks in the NASDAQ 100 index rose Tuesday.