Blue-chip stocks turned higher yesterday as the bond market ended a short slump, sending interest rates low enough to overshadow some disappointment over some major profit reports. The Dow Jones industrial average swung from an early 40-point gain to a 53-point loss before reversing course in the afternoon, rising 24.07 points to 8,096.29 at the close.

Advancing issues outnumbered decliners by a narrow margin on the New York Stock Exchange, with 1,451 up, 1,420 down and 555 unchanged.

NYSE volume totalled 510.34 million shares. The Standard and Poor's 500stock list rose 2.18 to 970.28, and the NYSE composite index rose 1.17 to 508.57.

The Russell 2000 index of smaller companies fell 1.24 to 463.97, snapping a three-session streak of record highs. The American Stock Exchange composite index, which is dominated by smaller companies, fell 1.78 to 714.79.