Early rally deflated by analysts' forecasts

US stocks were mixed yesterday as an early rally was deflated by analysts' predictions of a market correction.

US stocks were mixed yesterday as an early rally was deflated by analysts' predictions of a market correction.

At the close of trading, the Dow Jones industrial average was at 9,291.11, down 13.13 from Friday's close.

The Nasdaq Stock Market, dominated by technology stocks, shot higher in early trading, then spent the rest of the session teetering between positive and negative territory. The Standard and Poor's 500 rose 4.59 to 1,243.99, and the Nasdaq composite index rose 31.29 to 2,404.91.

Declining issues outnumbered advancers by a 9-to-8 margin on the New York Stock Exchange, with 1,593 down, 1,399 up and 588 unchanged.

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The NYSE composite index slipped 0.65 point to 586.64, and the American Stock Exchange composite index fell 3.36 points to 702.90.

The Russell 2000 index of smaller companies fell 1.39 to 411.33.