Tech-Led Rebound Soothes Wall Street's Raw Nerves

Like a 20-something returning home after years of independence, investors at first tentatively and almost begrudgingly returned to the familiar and comfortable today. By day's end, however, they realized the joy of Mom's home cooking, a.k.a. technology stocks.

Major Indices INDEX CHANGE % VALUE YR TO DATE Dow 8.02 +0.1% 10,448.55 +13.8% S&P 500 16.69 +1.3% 1306.17 +6.3% Nasdaq 64.03 +2.7% 2409.64 +9.9% Russell 2000 2.93 +0.7% 415.34 +1.6% TSC Internet 35.14 +6.3% 595.95 +46.6% TREASURY BOND CHANGE VALUE YIELD 30-Year 2/32 96 4/32 5.515%

Traditional tech and Internet bellwethers caromed off yesterday's drubbing in solid fashion, joined on the upswing by fellow growth mavens such as drug makers and retailers. Meanwhile cyclical stocks struggled, transports tumbled and market internals worsened. ...