[David Haffenreffer, Cnn Anchor:] The bulls came running back, for a winning day on Wall Street Tuesday, but can the buying binge carry over to today's trading? The Dow rose more than 250 points, or 2.6 percent, taking the index safely above the 10,000 mark. Buyers jumped into technology issues, moving the Nasdaq 6 percent higher, and the broader S&P; 500 index gained almost 3 percent.
[Fred Sears, Investor Capital Funds:] I'm still in the camp that says it's a rally in a bear market. Generally, in a bear market, we get very explosive rallies. We need to have the volume that we're not getting today; I need to see over 2 billion shares traded to convince me to be full throttle buying tech stocks again.
[Haffenreffer:] But oversold tech stocks bounced back. Shares of Juniper, Sun Microsystems and CIENA, among others, all enjoyed sparkling gains. Right now, the Nasdaq's up by 7 points, the S&P; 500 index by 2.5 points. Treasury's 30-year bond is up by 632. It's yielded 5.6 percent. The 10-year note is higher by 332. It's yielded 5.05 percent. Motorola is set to host a conference call at 8:00 a.m. Eastern time this morning, after reporting its first operating loss in 15 years. The mobile phone and chip giant is expected to give additional guidance for the current quarter and beyond. After the closing bell, the company boasted a first quarter loss of $206 million, or 9 cents a share worse than analysts' already lowered estimates. Sales fell 11 percent, to $7.8 billion. Motorola said its loss was largely due to weak order growth in nearly all its business segments, especially cell phone, chip and telecom. The company also said it sees the downturn in the U.S. economy spreading to other parts of the world. Motorola is the first major tech company and the first of the big three mobile phone makers to report on the latest quarter, which is expected to be a rocky one for corporate profits. Afterhours, Motorola fell as low as $12 per share, but it recovered a little, to trade down 81 cents, at $12.19 a share in very heavy volume. Let's take a look now at how the Asian markets ended today's session. We had the Nikkei 225 index, in Tokyo, jumping 4.3 percent. In Hong Kong, the Hang Seng Index soared by 4 percent. And in Seoul, the index was up by 16 points. As far as the European markets are concerned right now, it's sort of a mixed picture, with London down by 8 points, but Frankfurt, Paris and Zurich all to the upside. In the foreign exchange markets, we're seeing some slight gains for the euro this morning, at 88.92, the pound at 143.56, and the dollar trading weaker versus the Japanese currency, down about.5 yen right now, at 123.87 Japanese yen. Taking a look now at some stocks in the news this morning, Dow component Eastman Kodak has named a new president. Former Lucent executive Patricia Russo will now oversee Kodak's daily operations and report directly to recently named CEO Daniel Carp. Online broker E*TRADE posted break-even results in line with analysts' expectations, but the company issued lower guidance for the fiscal year. Financial information firm Moody's reported earnings of 25 cents a share. That was a penny below expectations. Moody's also pleaded guilty to criminal charges stemming from a 1996 anti-trust probe. The company has been ordered to pay $195,000 as part of a plea agreement. Sonus Networks said it broke even in the first quarter. Analysts expected a 2 cent loss. Ravenswood Winery has been bought out by Constellation Brands, for $29.50 a share, or $148 million. That is a 70 percent premium over the vineyard's closing price on Tuesday. And finally, Harley-Davidson beat the Street by 1 cent, earning 30 cents a share. The motorcycle maker has also increased production targets for the current quarter and full fiscal year. In afterhours trading, Harley, E*TRADE, and Sonus rose on their positive news stories. Afterhours decliners included Juniper and QUALCOMM. The stocks gave back some of the gains racked up in Tuesday's session. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com