WALL Street stocks rallied yesterday as the market continued to steady from this week's wild gyrations and central bank chairman Alan Greenspan soothed investor fears about US inflation.
The sudden calm came as welcome relief after the Dow tumbled 161 points on Monday and slid 167 more Tuesday afternoon before staging a stunning rebound, ending with a 9 point gain.
Advances outnumbered declines by nearly a 3-to-1 margin on the New York Stock Exchange, with 1,870 up, 652 down and 653 unchanged.
NYSE volume total led 469.65 million shares, against 428.37 million in the previous session.
The NYSE's composite index rose 5 to 345.10, and the Standard and Poor's 500- stock index rose 9.50 to 643.57.
The Nasdaq composite index rose 21.71 to 1,108.3, and the American Stock Exchange's market value index rose 11.64 to 551.63.
