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Market Extra: Tech stocks reclaim a key milestone from the dot-com era — but this time it’s different

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The sock puppet for failed Pets.com has become a lasting symbol of the dot-com era’s frenzy — and its demise.

The 10-year rally in technology stocks has returned the red-hot sector to a dot-com-era milestone that could set off more jitters among investors. But analysts at Bespoke Investment Group say this time it’s different.

The S&P 500’s tech sector rose 7.5% this year, far outpacing the large-cap index’s SPX, -1.11% 1.5% and the blue-chip Dow Jones Industrial Average’s DJIA, -1.50% 1.3% gains. The tech-laden Nasdaq COMP, -0.78% advanced 5.4% during the same period.

The robust performance of tech names was partially led by Nvidia Corp.

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