Stocks soared in New York yesterday as investors cast aside US interest rate concerns and turned upbeat about third-quarter earnings. Financial and Internet issues once again led the gains.
At the close on Wall Street, the Dow Jones industrial average was up 187.75, or 1.8 per cent, at 10,588.34.
Broader stock indicators also rose.
The Standard and Poor's 500 index rose 24.03 to 1,325.38, and the Nasdaq composite index was up 57.42 at 2,857.09.
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Advancing issues outnumbered decliners by a 7-to-5 margin on the New York Stock Exchange, with 1,752 up, 1,266 down and 527 unchanged.
NYSE volume totalled 888.83 million shares, against 954.19 million in Tuesday's session.
The Russell 2000 index of smaller companies rose 2.41 at 428.42.
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