Nasdaq 5000: Comp Makes It Look Easy; Dow Regains 10,000 the Hard Way

The race for 6000 begins.

The Nasdaq Composite Index rode an afternoon explosion for its first-ever close above 5000, led by large-cap names in general and semiconductor and Internet issues in particular. But the Nasdaq wasn't alone, as the Dow Jones Industrial Average -- or, better, a handful of its components -- was swept up in the late surge, and finished above 10,000 for the first time in four days.

Major Indices INDEX CHANGE % VALUE YR TO DATE Dow 154.20 1.56% 10,010.73 -12.9% S&P 500 34.99 2.56% 1401.69 -4.8% Nasdaq 149.60 3.05% 5046.86 +24.0% Russell 2000 11.37 1.91% 606.05 +20.1% TSC Internet 45.21 3.51% 1333.22 +15.5% NOTE CHANGE PRICE YIELD 10-Year Treasury 10/32 101 3/32 6.349%

The Comp finished with a gain of 149.60, or 3.1%, at 5046.86. It was the fifth-largest point increase since trading began in 1971, but far less significant on a percentage basis. For the year, the Comp is up 24%. ...