Nasdaq leads the way

The tech heavy Nasdaq Composite Index outpaced other major benchmarks Thursday, by rising 39.85, or 1.5%, to 2640.86. Elsewhere, some major non-tech earnings reports got a mixed reception. Bear Stearns posted the first quarterly loss in its 84-year history on a massive $1.9 billion write-down related to on subprime mortgages. Investor's attention seemed to be elsewhere, with the holidays quickly approaching. DJIA +38.37 Nasdaq +39.85 S&P 500 +7.12