Dow up 92.76

NEW YORK -- A rally in the bond market carried over to stocks today, lifting financial shares and pulling the Dow industrials out of a narrow trading range. The Dow Jones industrial average was up 92.76 at 10,394.89. Much of the rally came in the final hour of trading. The Standard & Poor's 500 rose 14.80 to 1,296.71, and the Nasdaq composite fell 8.95 to 2,802.52.

Advancers beat decliners by a 4-to-3 margin on the New York Stock Exchange, with 1,741 up, 1,302 down and 492 unchanged. NYSE volume totaled 898.96 million shares vs. 878.15 million yesterday. The NYSE composite index gained 6.90 to 598.14; the American Stock Exchange composite fell 3.58 to 786.31; the Russell 2000 index rose 0.98 to 416.77.

Bond prices rose for the first time in a week today after a report in Europe suggested the European Central Bank may raise interest rates on Nov. 4, making its own effort to hold off inflation before it endangers economic growth.

"There are signs that the falling inflation rate has begun to turn higher in some countries," said Thomas M. McManus, a strategist at NationsBanc Montgomery Securities. "Clearly, it's happening in the United States."

The 30-year bond rose 23/32, or $7.19 per $1,000 face amount; yields fell 4 basis points to 6.33 percent, from late yesterday's 6.37 percent.

But while fears of inflation have hammered stock prices in recent months, analysts said bonds benefited from the sense that central bankers around the world are working to hold off inflation.

Many economists expect the Federal Reserve to raise interest rates for the third time this year when its Open Market Committee meets Nov. 16.