The S&P 500 gained 3.5%, excluding dividends. That left it trailing the Dow and Nasdaq, which were up 6.4% and 9.8%. The S&P 400 Midcap Index gained 6.7% while the Russell 2000, an index of small-cap stocks, declined 2.8%. Separately, large-cap technology issues drove the Nasdaq 100 to an 18.7% gain. Including dividends, they could still beat the T-Bills yield again.