Abreast of the market: Dow Industrials snap back 34.90, regaining one-third of sell-off
NEW YORK -- The Dow Jones Industrial Average snapped back after Friday's chilling sell-off.</br></br>The index of 30 blue-chip stocks rallied 34.90 points to 3906.32, recovering more than a third of the losses it suffered after the Federal Reserve raised short-term interest rates Friday.</br></br>Other stock market barometers staged partial recoveries, helped in part by a stabilizing bond market.</br></br>Standard & Poor's 500-Stock Index climbed 1.95 points to 471.76, and the Nasdaq Composite Index edged up 1.92 to 779.20, recouping just a fraction of the loss incurred Friday.</br></br>But the number of advancing stocks continued to trail declining issues, 1,044 to 1,178, causing some nervousness among technical analysts. Trading was heavy with volume on the Big Board easing to 346,779,000 common shares from Friday's hectic 377,773,000 shares.