Stocks in New York rebounded yesterday as bargain hunters returned to the market to pick up blue chip technology issues following last week's big decline.
But investors remained uneasy about corporate profits and inflation, a combination that caused stocks to tumble on Friday.
At the close on Wall Street, the Dow Jones industrial average was up 10.81, or 0.1 per cent, at 10,521.98. The Dow lost nearly 75 points Friday and was down 2 per cent last week.
The Nasdaq was up 104.00, or 2.8%, at 3,767.00 Monday after dropping more than 10% last week. The Standard and Poor's 500 Index was up 10.94, or 0.6%, at 1,430.83
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