Technology rally helps correction

US stocks ended mixed yesterday as a rally in technology shares on bargain hunting following the brutal correction earlier in…

US stocks ended mixed yesterday as a rally in technology shares on bargain hunting following the brutal correction earlier in the week lifted the Nasdaq market, while a late sell-off of blue chips drove the Dow Jones industrial average lower. The technology-laden Nasdaq composite index rose 114.71 points, or 2.57 per cent, to 4,572.60, though it lost 392 points, or 7.9 per cent, this week. The Dow, which earlier climbed more than 127 points, finished down 58.33 points, or 0.53 per cent, at 10,921.92.

The broader Standard & Poor's 500 stock index erased earlier losses to end up 10.66 points, or 0.72 per cent, at 1,498.58.