Blue-chip stocks led the market yesterday, bounding higher as investors sought bargains in the wake of Friday's sharp sell-off. Technology stocks shook off some early weakness to finish mostly higher.
On Wall Street, the Dow Jones was up 94.63 at 10,519.84.
Broader stock indicators were also higher, although their gains were more moderate. According to preliminary calculations, the Standard and Poor's 500 rose 2.85 to 1,389.97, and the Nasdaq composite index rose 23.12 to 4,418.57. The Russell 2000 index of smaller companies rose 0.69 to 537.79.
Declining issues outnumbered advancers by a 10-to-nine margin on the New York Stock Exchange, with 1,554 down, 1,473 up and 504 unchanged. NYSE volume totalled 923.64 million shares at the close, compared to 1.02 billion in the previous session.
The Dow made up some of the ground lost in its worst week since October. The index fell 538.59 last week, including a drop of 218.42 on Friday that left it 11 per cent below its January peak.
