"NEW YORK, Jan. 3?ÛÓBlue-chip stocks rose today as investors responded to concerns about the economy by seeking less risky issues. But a sell-off in technology shares sacked the Nasdaq Stock Market</br></br>The Dow Jones industrial average rose 16.62 points to finish at 5194.07. Advancing issues outnumbered declining ones by nearly 5 to 3 on the New York Stock Exchange, and NYSE trading volume grew to 469.2 million shares from Tuesday?Ûªs 364.3 million.</br></br>Most broad-market indexes were higher, but the technology-heavy Nasdaq composite index fell 12.39 points, to 1046.26.</br></br>?ÛÏIt?Ûªs a vicious, two-tier market,?Û? said Larry Wachtel, an analyst for Prudential Securities. ?ÛÏIf you?Ûªre in a handful of blue chips, you?Ûªre sharing in another great day. If you?Ûªre in technology, you?Ûªre getting whacked around.""</br></br>The Nasdaq?Ûªs decline marked a continuation of Tuesday?Ûªs sell-off in technology stocks. Semiconductor issues fell after PaineWebber downgraded five of them, saying that despite strong industry trends, those stocks have a big downside risk. Alex. Brown & Sons also downgraded three technology stocks."