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While other areas are showing tentative signs of strength, technology remains in a deep funk.
"India is growing very fast, whether in terms of art and culture, economic strength, technology, luxury or food," said Siddharth Mathur, manager of the independent Smoke House Room restaurant.
In a display of Herculean strength, technology stocks fought off the selling pressure from earlier in the day and bounced back toward the end of the session.
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He refers to them as the "Ponderosas of North America," multiple-building properties so big they require commercial subsystems for power, heating and cooling, and the industrial-strength technologies to support them.
The federal government's Health Information Technology for Economic and Clinical Health (HITECH) Act reflects this important strength of technology, and rightly seeks to improve practice by significant technology investments.
The Nasdaq composite roared, largely on the strength of technology stocks.
Most industry analysts say the government statistics somewhat overstate the strength in technology spending.
But the strength in technology masked another lackluster session for most stocks.
His strategy is to focus on areas of strength, including technology coverage.
Strength in technology stocks helped to lift the Nasdaq index 8.68 points, or 0.5percentt, higher, at 1,838.22.
But a crucial question, analysts say, is whether the recent strength in technology spending can be maintained.
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