Short Rally Trims Market Loss: Chrysler Shows Gain
NEW YORK, April 4ÛÓ Buyers and sellers fought to a virtual draw in Wall Street today. The stock market opened on a continuation of MondayÛªs selling, made back its loss early in the afternoon and then slipped to a small deficit at the close.</br></br>to 604 lead over advances, contrasting with MondayÛªs session, when losers outnumbered gainers by better than three lowest prices of the day. Polaroid, though was on the active list and ahead half a point to 177, while Scientific Data gained 2% to 95%.</br></br>The Dow Jones industrial average, down more than two and a half points in the first half hour, climbed to a small profit in mid-afternon, but finished at 859.19, off 0.78 point. The mid-day rally carried the Dow back above the technically significant 860 levelÛÓand volume expanded as the market rose ÛÓ but stocks were unable to hold the gain.</br></br>Standard and PoorÛªs 500-stock composite was down 0.02 point to 89.22, but the NYSE index rose 0.01 point to 48.99.</br></br>Volume for the day totaled 8.75 million shares, up from 8.53 million in the previous session. Most of the extra volume came in the afternoon.