Dow gets first rally in days
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September 1, 1999: 4:14 p.m. ET
Bargain hunters help blue chips recover from four straight sessions of losses
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NEW YORK (CNNfn) - Buying returned to blue chip stocks Wednesday as investors discovered a newfound appetite for shares cheapened in days of selling.
The day's lack of market moving economic data helped soothe Wall Street's interest rate anxiety, allowing for the stock market's advances even though trading volume remained low.
According to preliminary data, the Dow Jones industrial average finished the day 107.65 points higher at 10,936.93. On the New York Stock Exchange, market breadth remained positive throughout the trading session, with advances beating declines 1,703 to 1,256 as 702 million shares traded.
The Nasdaq Composite rose 11.46 points to 2,750.81 and the S&P 500 index added 10.66 to 1,331.07.
The bond market finished the day mixed, with the bellwether 30-year Treasury bond losing 1/4 of a point in price for a yield of 6.08 percent, up from Tuesday's 6.06 percent.
The dollar fell to a 7-1/2 month low against the yen and also dropped against the euro.
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