Technology shares are still on the rebound, but the credit market continues to shake other stocks as traders await Ben Bernanke's speech on Friday. The tech-heavy NASDAQ gained 2.14 today, to close at 2565.30. But the Dow slipped 50.56 to 13238.73, and the S&P 500 fell 6.12 to 1457.64.
Volume was light, but it's a routine lull in the days leading up to a long weekend. The VIX was high, and analysts say things won't calm down until Bernanke reveals more about the Fed's priorities in his annual speech. But,as one trader says, "anybody with brains wouldn't do anything at all."