Tech Stocks Lead Dow, Nasdaq Higher

Wed., April 26, 2000

From Staff

Bargain-hunting investors, enticed by a round of strong corporate earnings reports, pounced on the technology sector Tuesday, helping the Nasdaq composite index and the Dow Jones industrial average gain more than 200 points apiece.

The largest and best-established high-tech stocks led the gains as investors once again placed their bets on the companies most likely to thrive amid investors’ shifting sentiments about technology issues.

The Nasdaq composite rose 228.75 to close at 3,711.23, more than wiping out Monday’s 161.40-point loss. Just one week ago, the Nasdaq notched its biggest point gain ever, rising 254.41 points.

The increasingly volatile index has recorded its 10 biggest point gains and its 10 biggest point losses since the start of the year.

The Dow Jones industrial average rose 218.72 to close at 11,124.82 and the Standard & Poor’s 500 rose 47.28 to 1,477.14.

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Tech Stocks Lead Dow, Nasdaq Higher

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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