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Markets & Stocks
U.S. stocks on the rebound
February 10, 1999: 11:06 a.m. ET

Market recovers after Tuesday's shakeup as investors sniff for bargains
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NEW YORK (CNNfn) - After a brief stumble at the open, U.S. stocks headed higher at midmorning Wednesday as bargain hunters emerged cautiously from the sidelines after one of Wall Street's worst days so far this year.
     At around 10: 40 a.m. ET the Dow Jones industrial average rose 47.12 points to 9,180.15. Declines still led advances 1,393 to 1,059 as 185 million shares changed hands on the New York Stock Exchange.
     The Nasdaq Composite, which Tuesday suffered its third-largest daily point loss in history, gained 23.89, or just over 1 percent, to 2,334.63 amid a recovery in the technology sector and among many Internet shares. The S&P 500 index rose 10.49 to 1,226.63.
     Bonds fell as investors prepared to absorb $10 billion in 10 year notes to be auctioned later in the day. The benchmark 30-year Treasury bond lost 5/32 of a point in price for a yield of 5.31 percent.
     The dollar rose against the yen and eased slightly against the euro. Back to top

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