Dow gains 24

NEW YORK -- Stocks rebounded today, led by gains in technology shares, as bargain-hunting and a stronger dollar sparked a modest recovery from last week's huge declines.

The Dow Jones industrial average gained 24.06 to close at 10,303.39. The index of 30 blue-chip companies had been up as much as 123.16 points this morning.

Broader indicators also rose.

Last week, the Dow fell a total of 524.30 points, its biggest weekly point loss ever. That plunge left the Dow 1,046.71 points, or 9.2 percent, below its record close of 11,326.04, set Aug. 25. But with the lift today, it still is up about 12 percent since the year began.

The Standard & Poor's 500 index was up 5.95 at 1,283.31, and the Nasdaq composite index was up 21.34 at 2,761.75. The technology-laden Nasdaq lost 129.21 points last week but is still up nearly 26 percent for the year.

Advancers beat decliners by an 8-to-7 margin on the New York Stock Exchange, with 1,751 up, 1,238 down and 535 unchanged. NYSE volume totaled 783.51 million shares vs. 869.88 million in Friday's heavy trading.

The NYSE composite index rose 2.08 to 591.62; the American Stock Exchange index gained 7.44 at 779.23; and the Russell 2000 index, which reflects the performance of small-company stocks, was up 4.77 at 421.86.

The 30-year Treasury bond dropped 17/32, or $5.31 per $1,000 face value; its yield climbed 4 basis points to 6.01 percent.

Overseas, Japan's Nikkei stock average fell 0.3 percent, Germany's DAX index was up 1.0 percent, Britain's FTSE 100 was up 2.4 percent, and France's CAC-40 was up 1.2 percent.