Wall Street rises as tech, discretionary stocks gain

The consumer discretionary index rose 0.88 percent after a report showed that the consumer confidence index for September rose to its highest level in nine years. "The number came in much better than expected, so consumer stocks seem to be catching a bit after having a hard time for probably a month or two," said Mark Spellman, portfolio manager at Alpine Funds in New York. The Nasdaq Composite was up 39.57 points, or 0.75 percent, at 5,297.06.