Stocks soared Wednesday and the Dow rose 275 points after a
modest gain Tuesday. It was the market's first back-to-back advance
since mid-June. But analysts warn that the gain doesn't signal
investors are more optimistic. They say it looks like a case of
investors scooping up stocks that had become cheaper after heavy
Financial stocks rose on an upbeat profit forecast from State
The Dow is up 275 at 10,018. The Standard & Poor's 500 index is
up 32 at 1,060, while the Nasdaq composite index is up 65 at 2,159.
Six stocks rose for every one that fell on the New York Stock
Exchange. Volume totaled 1.3 billion shares, in line with Tuesday.