Oversold Tech Sector Rallies Hard, but Players Retain Skepticism

For once, a broad-based rally that doesn't come with qualifiers. Well, except for the lousy volume.

Perhaps the surprisingly good weather in the Northeast this weekend has folks freshly scrubbed and confident today, as all major indices at midsession were well into the green, led by buying in the technology sector.

Major Indices INDEX CHANGE % VALUE Dow 149.93 +1.5% 10,449.17 S&P 500 24.53 +1.8% 1402.55 Nasdaq 146.22 -4.6% 3351.33 Russell 2000 9.80 +2.1% 467.17 TSC Internet 37.42 +5% 789.65 NOTE CHANGE PRICE YIELD 10-Year Treasury 12/32 100 27/32 6.380%

The Nasdaq Composite Index was rallying, up 146, or 4.6%, to 3351, and the Dow Jones Industrial Average had gained 150, or 1.5%, to 10,449, while the S&P 500 was up 25, or 1.8%, or 1403. The small-cap Russell 2000 was up 10, or 2.1%, to 467. ...