Dow up 89.85

NEW YORK -- Stocks rose, led by financial services companies such as J.P. Morgan & Co., on optimism that an aid package for Brazil will shore up that economy and stave off damage to banks that do business in Latin America.

The $41 billion agreement between Brazil and the International Monetary Fund "lowers the fear of doing business there as it removes uncertainty about repayments and declining currencies," said Eric Wiegand, a money manager at First Union Corp.'s First Capital Group, which oversees $3.6 billion.

The Dow Jones industrial average rose 89.85, or 1.02 percent, to close at 8,919.59.

Decliners led advancers by a narrow margin on the New York Stock Exchange, with 1,498 up, 1,509 down and 494 unchanged. NYSE volume was 600.50 million shares, down from 689.33 million at the same time yesterday.

The Standard & Poor's 500 increased 8.03 to 1,125.72, but the technology-heavy Nasdaq composite index fell 3.07 to 1,847.99, pulled down by Dell Computer Corp.

The NYSE composite index rose 3.61 to 556.17, and the American Stock Exchange composite index rose 1.48 to 668.36. The Russell 2000 index of smaller companies fell 2.24 to 389.96.

The price of the Treasury's main 30-year bond was up 1/32 point, or 31 cents per $1,000 in face value, by late afternoon, while its yield remained at 5.25 percent.

Japan's Nikkei stock average rose 1.4 percent. Germany's DAX index fell .24 percent, and Britain's FT-SE 100 rose 0.26 percent.

Dell fell $5.25 to $63.94. During a conference call with investors, the company said average prices for personal computers fell during the past three months.