Tech & Financial Stocks lead Wall Street Higher

Big gains finally came in Obama's second day of office.  After the Dow Jones fell 332 points yesterday and dipped below 8,000 many investors outlook for the economy was bleaker than ever.  Though thank you to strong earnings reports from IBM Corp. (IBM), which surprised underestimated analyst reports when there profit rose 12%, and Apple (APPL) which rose 6%.  Also the hopes that Washington will offer more help to the economy powered this rally that recovered most of the previous losses.  The Dow Jones industrials surged 280 points and all major indexes rose more than 3.5 percent.  Besides Tech Stocks many Banks also reversed double-digit losses with  big gains.  PNC, recent buyer of National City Corp, jumped 37% after saying it would turn a profit.  Many of the large financial institutions also but up great numbers.  Citi Corp (C) rose 31 percent, Wells Fargo (WF) was up 17 percent, JP Morgan Chase (JPM) rose 25 percent, and Bank of America (BAC) up 31 percent.  This is a great boost after the devastating losses many of these banks had yesterday.  The Financial Industry's outlook is still questionable and must be watched with much caution.  Still sticking with my previous statements and picking Wells Fargo (WF) and Goldman Sachs (GS) as the banks to buy.