Market stages late recovery

Wall Street stocks recovered late in the session to lift the stock market to marginal gains as smaller-company measures flirted…

Wall Street stocks recovered late in the session to lift the stock market to marginal gains as smaller-company measures flirted with new highs and blue-chip issues halted a four-session losing streak.

The Dow Jones industrial average rose 5.11 points to 7,787.33 after recovering from an 85-point slide that briefly put the blue-chip barometer below 7,700.

Advancing issues outnumbered decliners by 11-to-eight on the New York Stock Exchange, with 1,644 up, 1,189 down and 551 unchanged.

NYSE volume totalled 492.09 million shares, against 449.08 million in the previous session.

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The Standard and Poor's 500stock list rose 0.68 to 913.70, the NYSE composite index rose 0.69 to 476.05, and the Nasdaq composite index rose 4.24 to 1,595.54. The American Stock Exchange composite index, which has a large constituency of smaller-company stocks, rose 3.82 to 651.12.