Saturday, March 3, 2012

TECHNOLOGY SHARES PUSH MARKETS TO NEW HIGHS.(BUSINESS)

Byline: BRUCE MEYERSON Associated Press

NEW YORK -- Big-name technology shares drove leading stock averages to new highs Tuesday, but the broad market struggled as interest rates jumped back above a troubling threshold in bond trading.

The Dow Jones industrial average erased an early 43-point skid and then flirted with the 7,400-mark, rising 37.50 to 7,383.41 for its second straight record close.

The technology-heavy Nasdaq composite index, which returned to record territory on Friday after a four-month drought, broke above 1,400 for the first time.

Several other broad-market indexes also closed at record highs for the second straight …

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