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Tech-Sparked Rally Sets Records but Leaves Some Worried

 

There's something about Mondays. For the second consecutive one, stocks stormed out of the weekend in impressive fashion, sending major market gauges to record highs.

Major Indices
INDEX CHANGE%VALUE YR TO DATE
Dow
174.82
+1.8% 10,007.33 +9%
S&P 500
27.40
+2.1% 1321.12 +7.5%
Nasdaq
66.69
+2.7% 2560.06 +16.8%
Russell 2000
3.55
+0.9% 402.29 -4.7%
TSC Internet
25.69
+3.9% 683.12 +68%
TSC E-Commerce
7.11
+6.1% 123.23 +44.8%
TREASURY BONDCHANGEVALUEYIELD
30-Year
4/32
95 3/32 5.589%

Unlike last Monday, when energy names set the pace, technology stocks led today's stampede. The Nasdaq Composite Index climbed 66.69, or 2.7%, to 2560.06, notching its first record-setting close since hitting 2510.09 Feb. 1. ...

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