FT. LAUDERDALE, Fla., June 8, 2004 (PRIMEZONE) -- Chip stocks boosted the Nasdaq composite 2% on slightly higher trade, topping 2000 for the first time since late April. Techs weren't the only sectors lifting the Nasdaq.
Casino operators, many of which are traded on the Nasdaq, got a big boost on news that MGM Mirage is offering to buy Mandalay Resort Group. Shuffle Master cruised ahead 3.03 to an all-time high of 39.55. The stock is up 137% since its May 2003 breakout.
The Dow gained 1.4% for the "Gipper" and the S&P 500 1.6%, both to their highest levels in five weeks.
More information of this is available on http://www.stockmarketnewsalert.com
StockMarketNewsAlert.com names the following stocks to its Stock Focus List: Fortune Brands (NYSE: FO), Traffix (Nasdaq: TRFX), Turbo Chef Technologies (Nasdaq: TRBO) and CD&L (AMEX: CDV)
Other stocks highlighted include Multimedia Games Inc. (Nasdaq: MGAM) and Natus Medical Inc. (Nasdaq: BABY)
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