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Optimism about high technology lifted the Nasdaq composite index 153.07 points, or 3.25percentto to 4,864.75, its biggest gain in almost three weeks, and the Standard & Poor's 500-stock index rose above the 1,500 mark for the first time, closing at 1,500.64, up 6.77 points.
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Technology stocks lifted the Nasdaq composite index to 2,389.86, a 1.7percentt gain.
Technology also lifted the Standard & Poor's 500-stock index, which climbed 8.52 points, to 1,360.69.
[C4.] Bargain Hunters Lift the Nasdaq The lure of cheaper technology stocks lifted the Nasdaq composite index but punished the Dow Jones industrial average.
Technology also lifted the Standard & Poor's 500-stock index, which climbed 8.52 points, to 1,360.69, even though 350 of its component issues fell while only 140 rose.
The euro slipped yesterday as surging technology stocks lifted the dollar, but it held above the key $1.00 level of exchange.
Bargain hunting in technology stocks lifted the Nasdaq composite index to its third gain in four sessions after seven consecutive declines.
Tehran has so far refused to sign up to "go-anywhere" inspections by the International Atomic Energy Agency unless sanctions on dual-use technology are lifted.
[Page C5.] Late Rally Lifts Nasdaq by 1.5% A late rally in technology stocks lifted the Nasdaq composite index and kept the Standard & Poor's 500-stock index from falling into a bear market.
Meanwhile, technology stocks lifted the Nasdaq Composite Index 43.22 to a third consecutive all time high of 2251.27.
But nobody owns an iPhone and the technology looks lifted from the 1980s, all square buttons and monochrome pixels.
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