"We had some relatively positive news for the markets, the first positive news we've had for some time, ... Plus, we are very oversold after ( Wednesday's ) action."

"Arguably, Nokia's news isn't good, ... If we were rallying on Nokia, it was a little questionable on its reasoning."

"This is more of a technically-driven rally. If the news is positive for the rest of the week, we should trend higher, but not enough to set any new record highs."

"It's a 'buy on the rumor, sell on the news' type of market, especially in the telecom and tech sectors,"