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Dow regains 94.6
Associated PressNEW YORK - Blue-chip stocks led the market today, bounding higher as investors sought bargains in the wake of Friday's sharp sell-off. Technology stocks shook off some early weakness to finish mostly higher.
The Dow Jones industrial average was up 94.63 at 10,519.84.
Broader stock indicators also rose, although their gains were more moderate. The Dow recovered some ground following its worst week since October. The index fell 538.59, including a 218.42-point drop Friday that knocked the index 11 percent below its January peak.
The Standard & Poor's 500 rose 2.82 to 1,389.94, and the Nasdaq composite gained 23.10 to 4,418.55.
Decliners beat advancers by a 10-to-9 margin on the New York Stock Exchange, with 1,551 down, 1,453 up and 502 unchanged. NYSE volume totaled 928.36 million shares vs. 1.02 billion Friday.
The NYSE composite index rose .63 to 605.09; the American Stock Exchange composite index gained 4.01 to 893.48; and the Russell 2000 index rose 2.84 to 539.94.
The price of the Treasury's 30-year bond was up 17/32 point, or $5.31 per $1,000 in face value, today; its yield fell to 6.23 percent from 6.26 percent late Friday.
Stocks have been rattled in recent weeks by investors' worries that most companies will struggle to maintain strong profit growth if the Federal Reserve continues raising interest rates this year. Technology companies, which are growing faster than industrial and cyclical companies, have held up much better than the broader market.