Market Wrap-Up

Traders decided to start the week by quickly putting Friday's 311-point drop in their rear view mirrors. Tech stole the show.

Hewlett-Packard

Electronic Data Systems

International Business Machines

Research In Motion

Winners

As traders got wind of the H-P deal, they pushed up the shares of target EDS. Its shares gained 28%.

ProShares Ultra Technology

Financial stocks of all sizes showed decent gains Monday. HSBC announced its first-quarter profit was ahead of the tally it posted during the same time period in 2007. Meanwhile, MBIA, the embattled bond insurer, posted a $2.4 billion loss in its first quarter, but also said it had managed to raise $2.6 billion to shore up its balance sheet. Both stocks gained. An all-out rally was kept in check by more turmoil at AIG. The SPDR KBW Regional Bank ETF gained 3.2% and the iShares Dow Jones U.S. Regional Banks jumped 2.2%. The iShares Dow Jones U.S. Broker-Dealers fund increased 2.3%.

Retailer ETFs also posted decent gains on good news from companies like Ann Taylor and Gymboree. The SPDR S&P Retail ETF increased 3.3%.

Losers

Oil touched a record $126 per barrel last week. On Monday, though, black gold's historic run hit a bit of a pothole: The per-barrel price slid back down to $124. The

United States Oil fund

Monday's Industry Headlines

Growth Story:

Index Universe

that WisdomTree filed to launch an innovative series of ETFs that combine dividends, earnings and a new growth screen to create what it calls "fundamentally weighted" growth ETFs.

Tuesday's Notebook

Earnings

Applied Materials, Carrefour, Comverge, Consolidated Water, Echostar, Electronic Arts, Fossil, Helen of Troy, Liz Claiborne, Pioneer Drilling, TJX, Walmart, Whole Foods

Economic Data
Chain Store Sales (7:45 a.m.), Import Prices (8:30 a.m.), Retail & Food Sales (8:30 a.m.), Business Inventories (10 a.m.), Consumer Confidence (5 p.m.)

Quick Take

A look at how the industry's most popular ETFs did on Monday.