Bargain Hunters Lift Nasdaq while Dow Droops

The tech sector shrugged off a weaker-than-expected sales report from bellwether Nokia. Old-line stocks gave back some of their recent gains

Wall Street didn't like message that mobile phone maker Nokia (NOK ) left investors on Wednesday: that the Finnish telecom giant's sales estimates for 2000 were weaker than expected. But technology stocks overall - and the broader market -- managed to rally anyway as investors reckoned there were just too many other good buys out there after a sustained sell-off. The Dow meanwhile, sank as economically sensitive stocks weakened on concerns a slowing economy could dent their bottom lines.

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