A rally in oil stocks and some bargain-hunting buoyed the Dow Jones industrials yesterday. In a major turnaround from recent weeks, the strength in blue-chips helped pull technology stocks out of a severe slump.
On Wall Street, the Dow Jones industrial average rose 198.25, or 1.9%, to close at 10,718.09.
Broader market indicators were modestly higher, but overall, the number of declining issues outpaced advancers.
The Standard and Poor's 500 rose 12.11 to 1,402.05.
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The Nasdaq composite index, which tumbled as much as 127 points in earlier trading, closed up 1.86 at 4,420.41.
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