Nasdaq Record Evokes Little Celebrating

SAN FRANCISCO -- With those (cool) cats in the bond pits away, stocks with valuations most sensitive to interest rates prowled higher, sending the Nasdaq Composite Index to a record.

Major Indices INDEX CHANGE % VALUE YR TO DATE Dow 1.58 -0.01% 10,648.18 +16% S&P 500 0.81 -0.1% 1335.21 +8.6% Nasdaq 29.39 +1% 2915.96 +33% Russell 2000 2.48 +0.6% 430.19 +1.9% TSC Internet 12.62 +1.7% 745.41 +83.4% BOND CHANGE PRICE YIELD 30-Year Treasury MKT CLOSED 99 1/32 6.198%

Other major equity proxies ended mixed, evincing the quietude expected on this quasi-holiday session and reflected by paltry trading volumes. ...