NEW YORK - Stocks rose as Intel Corp. and other beaten-up technology shares attracted buyers and some investors sought safety in telephone and drug shares. Dow gains 125
The Dow Jones industrial average rose 125.06, nearly 1.5 percent, to 8569.39. The blue-chip index gained only 23.67 points this week.
Advancers led decliners by a nearly 3-to-1 margin on the New York Stock Exchange, with 2,222 up, 776 down and 485 unchanged. NYSE volume totaled a hefty 663.54 million shares, up from 650.66 million yesterday.
The Standard & Poor's 500 Index rose 20.65, or 2 percent, to 1055.69, erasing yesterday's losses and blowing past Tuesday's record high of 1,052.02.
The technology-heavy Nasdaq composite index, which had its worst drop in two months yesterday, soared 41.57, or 2.4 percent, to 1753.49. The NYSE composite index rose 9.33 to 549.64, beating Tuesday's record of 546.89.
The small company-dominated American Stock Exchange composite index rose 8.57 to close at 712.91, within 10 points of a complete recovery from October's slide.
The Russell 2000 index gained 6.90 points to end at 463.72, less than 2 points from its first record high since before late October's selloff.
The price of the Treasury's main 30-year bond was up 17/32 point, or $5.31 per $1,000 in face value, in late afternoon trading, while its yield fell to 6.02 percent from 6.07 percent late yesterday.
Prices and yields move in opposite directions.
Overseas, Tokyo's Nikkei stock average rose 1.68 percent today and Frankfurt's DAX index rose 1.85 percent.