Market Update: Dow Catapults Higher; Nasdaq in the Doldrums

The Dow Jones Industrial Average and Nasdaq Composite Index were like Mick and Keith circa early 1980s. Both were doing very different things. Some of it was even painful to watch, like Mick's dalliances with David Bowie and subsequent retelling of "Dancing in the Streets."

Major Indices INDEX CHANGE % VALUE Dow 165.42 1.53% 10,946.87 S&P 500 12.50 0.95% 1327.26 Nasdaq 2.05 0.08% 2473.02 Russell 2000 4.53 0.91% 501.58 TSC Internet 6.94 2.13% 333.36 NOTE CHANGE PRICE YIELD 10-Year Treasury 3/32 99 22/32 5.042% Market data as of: 2:21 p.m. EST, Feb. 12, 2001

Tomorrow, Fed chief Alan Greenspan will deliver his Humphrey-Hawkins testimony about the state of the economy to Congress. Ahead of that, volume was far from record highs and quite sluggish in New York -- a sure sign that traders were waiting to hear what Greenie has to say before making any rash moves. The Nasdaq attracted more attention. ...