Market Update

Blue chips rebounded after Wall Street took Fed head Alan Greenspan's upbeat assessment of the economy in stride. But tech issues were rattled by warnings of disappointing second-quarter earnings in the semiconductors and hard disk-drive sector. By midday, the Dow was up almost 24. The Nasdaq was down 5.

Blue chips rebounded after Wall Street took Fed head Alan Greenspan's upbeat assessment of the economy in stride. But tech issues were rattled by warnings of disappointing second-quarter earnings in the semiconductors and hard disk-drive sector. By midday, the Dow was up almost 24. The Nasdaq was down 5.