With Nasdaq Soaring, Is 2012 Tech's Breakout Year?

By Salon Staff

Published January 22, 2012 6:27PM (EST)

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.

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Salon Staff

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