Dow falters shy of full recovery

Wall Street stocks edged higher in another calm session but the Dow Jones industrial average faltered just as it was completing…

Wall Street stocks edged higher in another calm session but the Dow Jones industrial average faltered just as it was completing a recovery from last week's bruising tumble.

The Dow bounced back from an early 25-point deficit and rose as much as 76 points, but retreated over the final hour to finish just 3.44 points higher at 7,692.57.

The blue-chip barometer is now just 23 points shy of where it was before its 554-point plunge on Monday last week, but is still more than 300 points down from where the it stood before the financial turmoil in south-east Asia boiled over two weeks ago.

The Standard & Poor's 500 index, a popular benchmark for mutual funds, managed to hold enough of a gain to wipe out the remaining damage from last week's slide.

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Technology shares posted only slim gains despite a strong profit report from Cisco Systems.

Advancing issues outnumbered decliners by seven to five on the New York Stock Exchange.