Stocks in New York showed sizable gains yesterday, extending Tuesday's late rebound, as bargain hunters continued to pick through the wreckage of another sell-off sparked by the turmoil in Asia.
The Dow Jones industrial average rose 90.11 points - or 1.1% - to 8,552.96, wiping out most of the remaining damage from Tuesday's sudden tailspin.
The Standard and Poor's 500 rose 14.24 to 1,084.22, and the technology-heavy Nasdaq composite index rose 32.83 to 1,825.53.
Advancing issues outnumbered decliners by a five-to-two margin on the New York Stock Exchange, with 2,204 up, 867 down and 473 unchanged.
NYSE volume totalled 707.67 million shares as of 4 p.m., easing from the hectic pace of the past week.
The NYSE composite index rose 7.51 to 545.46, and the American Stock Exchange composite index rose 9.53 to 668.80.
The Russell 2000 index of smaller companies rose 7.95 to 408.55.
