Technology shares stage strong recovery

Renewed strength in US technology shares took the Nasdaq composite index into record territory yesterday

Renewed strength in US technology shares took the Nasdaq composite index into record territory yesterday. Blue-chip stocks ended moderately higher after a day of mixed reactions to earnings reports.

On Wall Street, the Dow Jones industrial average rose 28.92 points - or 0.3% - to close at 10,718.59, within nine points of a new high, after wobbling no more than 40 points up or down throughout the day.

The Nasdaq composite was up 61.36 at 2,652.05, its first close above 2,600 and easily surpassing its previous high of 2,598.81, set on April 12.

The Standard and Poor's 500 index was up 3.19 at 1,360.04.

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The NYSE composite index fell 0.47 to 638.83, and the American Stock Exchange composite index rose 1.24 to 771.60.

In a rare departure from the normal scramble on Wall Street, trading was halted for one minute of silence at noon on the New York Stock Exchange, American Stock Exchange, Nasdaq Stock Market and Chicago Mercantile Exchange in memory of the Colorado high school shooting victims.