DEBORAH MARCHINI, CNN ANCHOR: My featured guest this morning is Bernadette Murphy, market analyst at Kimelman & Baird. And Bernadette, I'm going to start by asking whether that 2.5 percent gain we saw on the Nasdaq yesterday was a Microsoft rally?</s>BERNADETTE MURPHY, KIMELMAN & BAIRD: Part of it was, truly, because if you will remember when the government brought charges against Microsoft in the first place, it was almost coincident with when tech stocks began to stumble. So I think it did introduce an element of confidence back into the market and to investors, and then, of course, then they responded to that quarter-point cut.</s>MARCHINI: We're seeing signs in the Nasdaq futures that the rally will continue this morning, Nasdaq futures up better than 25 points. To what do you ascribe that?</s>MURPHY: Well, I think it's a combination. You know, this regaining of confidence. Actually, the Nasdaq seemed to hold up better than the listed market during this period, since we went into the correction, in May.</s>MARCHINI: Bernadette Murphy, we'll be speaking with you again. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Bernadette Murphy of Kimelman & Baird Notes Microsoft Appeal May Start Tech Rally