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Byline: Christina Wise
The Nasdaq recouped its early losses to finish with a win Wednesday, helped by better-than-expected numbers in the manufacturing and chipmaking industries. The composite index climbed 1.5%.
A number of computer names logged gains, including Apple Computer, which added 1.40 to 23.30 as volume nearly doubled. Despite the gain, the desktop computer maker is still 69% short of its March 2000 peak. Investment house Gerard Klauer Mattison upgraded the stock to outperform from neutral.
Meanwhile, medical instrument maker Lumenis climbed 1.10 to 20.80 on triple typical trade. The stock is working on a giant, steep base it began back in 1997. On Monday, Lumenis said it is on track to meet its financial targets. It also said it is completing the integration of the Coherent Medical Group, which it purchased last ...