Wall Street Makes a Joyful Noise on the Upside, Leaving Nasdaq Near 5000

SAN FRANCISCO -- Joy to the bulls.

A benign employment report provided investors a much-needed excuse to buy beaten down "old economy" stocks, sending the Dow Jones Industrial Average sharply higher today. With just about everything of late proving an excuse to buy technology stocks, the data not surprisingly helped the Nasdaq Composite Index soar to its highest close yet.

Major Indices INDEX CHANGE % VALUE YR TO DATE Dow 202.28 +2% 10,362.20 -9.9% S&P 500 27.41 +2% 1409.17 -4.1% Nasdaq 160.26 +3.4% 4914.77 +20.8% Russell 2000 13.84 +2.4% 597.88 +18.5% TSC Internet 56.99 +4.9% 1221.10 +5.8% TSC New Tech 30 73.50 +9.4% 855.61 +38.5% NOTE CHANGE PRICE YIELD 10-Year Treasury 4/32 100 27/32 6.386%

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