Late Rally Led US Stocks To Finish In The Black Yesterday, With Support From Tech, Euro

US stocks ended in the positive yesterday, followed by a reversal in trend during the session’s late hours, as the stocks returned on track for strong weekly gains. The tech sector uplifted the markets, preventing the below-estimates economic data from weighing down Wall Street for too long. The euro gained strength, led by news of a Spanish bond auction being carried out successfully. Chief investment officer and fund manager Karl Mills of Jurika, Mills & Keifer said, "The economic news is pretty tepid, but the good news is Spain had a relatively good auction. So there's a tug-of-war between economic fundamentals and sovereign debt issues." The Dow Jones Industrial Average surged 24.71 points, or 0.2%, yesterday and ended at 10,434.17, before trading in the negative through most of the session. The index was up 2.2% for the week so far. The S&P 500 Index climbed 1.43 points, or 0.1%, to 1,116.04. The measure is up 2.2% week to date. The Nasdaq Composite Index rose 1.23 points, or 0.1%, to 2,307.16, up 2.8% week to date. As the euro continued to stabilize this week, companies exporting to Europe gained ground. These include Caterpillar CAT, which climbed 0.9% to $64.95, Kraft Foods Inc KFT, which rose 0.8% to $29.98 and Chevron Corp CVX, which was up 0.5% to $75.32. Read more from Benzinga's Markets.