NEW YORK -- Stocks pushed higher today, giving Wall Street its first four-session winning streak since before the market began its steep summer slide. Dow up 65.39
The Dow Jones industrial average rose 65.39 points to 8,089.78, overcoming a 62-point deficit despite disappointment that Federal Reserve Chairman Alan Greenspan didn't hint at a cut in interest rates in his remarks to a congressional panel. The Dow is now up 2.30 percent for the year.
Broader stock indexes also advanced for the fourth consecutive session, the market's first such string since late June.
The Standard & Poor's 500 rose 7.80 to 1,045.48, and the technology-heavy Nasdaq composite index rose 11.80 to 1,689.91.
Advancers issues outnumbered decliners by a 3-to-2 margin on the New York Stock Exchange, with 1,844 up, 1,214 down and 479 unchanged.
NYSE volume totaled 791.35 million shares, up from 718.93 million yesterday.
The NYSE composite index rose 4.13 to 518.05, and the American Stock Exchange composite index rose 4.85 to 629.13.
The Russell 2000 index of smaller companies rose 2.12 to 359.85.
The 30-year Treasury bond gained 17/32 to 104 5/32, with the yield falling to 5.22 percent.
Dan Mathisson, head trader at DE Shaw Securities, said there was a flood of "market on close" orders -- orders to buy chunks of stocks at the end of the day.
"Institutions had some programs to execute, and they were obviously very large. It was an extraordinary move."
The Nikkei stock average continued slumping, dropping 29.67 points to 14,274.38.