Trade slow in advance of data

WALL STREET stocks rebounded yesterday after trailing lower with bonds on new signs of a strengthening US economy.

WALL STREET stocks rebounded yesterday after trailing lower with bonds on new signs of a strengthening US economy.

Technology and small-company issues recovered from some profit-taking to lead some indices to new records, but trading remained hesitant in advance of some key economic data due later this week.

The Dow Jones industrial average lost 4.33 points to close at 5,569.08, after dropping almost 28 points earlier in the session.

Declines outnumbered advances by a slim margin on the NYSE, with 1,175 up, 1,204 down and 760 unchanged.

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NYSE volume totalled 393.18 million shares, against 342.53 million in the previous session.

The NYSE's composite index was unchanged at 351.24. The Standard and Poor's 500-stock index rose 0.02 to 654.18.

The Nasdaq composite index rose 1.62 to 1,189.82. The Russell 2000 gained 0.06 to 348.28.

At the American Stock Exchange, the market value index fell 1.85 to 590.90.