Stocks in New York pushed higher yesterday, giving Wall Street its first four-session winning streak since before the market began its steep summer slide.

The Dow Jones industrial average rose 65.39 points - or by 0.8 per cent - to 8,089.78, overcoming a 62-point deficit despite disappointment that Federal Reserve Chairman Mr Alan Greenspan did not hint at a cut in interest rates in his remarks to a Congressional panel.

The Standard and Poor's 500 rose 7.80 to 1,045.48, and the technology-heavy Nasdaq composite index rose 11.80 to 1,689.91.

Advancing issues outnumbered decliners by a 3-to-2 margin on the New York Stock Exchange, with 1,844 up, 1,214 down and 479 unchanged.