Tech Stocks Ignite Market Rally1 The tech-heavy Nasdaq surged 2.5%, while the New York composite leapt 2.4%, the S&P 500 2.2% and the Dow 1.9%. Tech and steel thrived, but NYSE volume slipped. The Nasdaq's turnover, while below average, was higher than Tue.'s total. That fits the bill for a follow-through day. The 10-year T-note's yield rose 5 ticks to 4.57%, but short-term yields declined.
Nokia Dials Into Apple's Market2 The world's largest phone maker unveiled new services and mobile phones that can download music and play games, seeking to draw share from Apple's iPhone as well as iTunes and the iPod. Nokia's new phones will hold up to 6,000 songs and come with other gadgets, such as docking stations and speakers.
Altria To Break Up Philip Morris3 Altria Group (NYSE:
MO -
News) said it will spin off Philip Morris Int'l,