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The Scoop
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After a pretty uneventful morning session, the market perked up in the afternoon, led by the strength in the blue chip components and a welcome rebound in the tech sector... Strikingly, the indices staged another late rally that left them at, or near, their best levels of the day... In fact, combined with yesterday's gain, the Dow made up the entirety, and then some, of Tuesday's 247-point loss... A number of components played a part in today's advance, but none more so than Procter & Gamble (PG +3.39), which overwhelmed the market with its better than expected fiscal Q2 earnings report and reassuring FY02 guidance... PG, essentially, set the tone for the blue chip outperformance today, which...
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