NEW YORK (AP) -- Blue chip stocks spurted higher Monday, lifted by a pre-election spending spree that sent the Dow Jones Industrial Average as high as 11,000. But technology issues couldn't keep up, weighed down by investors concerned about Cisco Systems' earnings.
Analysts cautioned against reading too much into the Dow's rally, saying uncertainty still rules Wall Street.
"You're a day before a presidential election that nobody can get their arms around, so there's gravitation toward buying safe blue chips," said Larry Wachtel, a market analyst at Prudential Securities.
"But trading volume is low, breadth is negative and generally this is a very …