WASHINGTON (AP) — The stock market has had an impressive January. The companies that make up the Dow Jones industrial average have gained 4 percent in three weeks, and the broader market has done even better.
But the Nasdaq composite — a collection of technology stocks whose dot-com heyday was more than a decade ago — has left them both in the dust.
Experts say the Nasdaq's gains reflect long-term currents that could lift tech stocks through 2012 and beyond. Many companies put off replacing worn-out technology during the recession. To compete and survive, they need to invest in tech.