NEW YORK -- Stocks began rebounding today as bargain hunters picked through last week's heavy decliners, particularly in the technology sector. Bargain hunters
lift Dow by 74The Dow Jones industrial average, which had fallen 210 points during the preceding two sessions, rose 74.41 to close at 7,921.44.
Advancers outnumbered decliners by a 9-to-5 margin on the New York Stock Exchange, where volume totaled 482.94 million shares, down from 623.26 million Friday.
The Standard & Poor's 500-stock list rose 11.45 to 955.61, and the NYSE composite index rose 5.69 to 502.26. The Nasdaq composite index, which had lost about 75 points over the previous four sessions, rose 18.60 to 1,685.45.
The Russell 2000 index of smaller companies rose 4.56 to 453.85, and the American Stock Exchange composite index rose 5.70 to 706.58.
The price of the Treasury's main 30-year bond nudged up 8-32 point this afternoon. Its yield, which moves in the opposite direction from prices, slipped to 6.42 percent from Friday's late rate of 6.43 percent.
The most notable aspect of today's session was that yesterday, the 10th anniversary of the Black Monday crash, had passed uneventfully. On Friday, stocks fell sharply for the second straight session, reminding investors of the frightening two-day slide that preceded the 1987 crash.
AT&T helped lead the Dow's advance after reporting better-than-
expected profits for the third quarter and announcing that C. Michael Armstrong, the leader of Hughes Electronics, will take over as chief executive.