Nasdaq Posts 5 Percent Improvement. (22-MAY-01) Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

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Nasdaq Posts 5 Percent Improvement.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 22-MAY-01

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Byline: Judith Schoolman

May 22--Visions of improving corporate profits set off a tech stock rally, sending the Nasdaq soaring 5 percent yesterday to its fifth winning session in a row.

Thanks to strong performances by such tech leaders as Sun Microsystems, Cisco Systems and Palm, the Nasdaq jumped 106.71 to 2,305.59, its highest close since Feb. 26.

It hasn't...

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