Dow Off 9 Points as Bond Rates Jump
NEW YORK, Oct. 21ÛÓBlue-chip stocks fell today after a jump in longterm bond interest rates jolted investors.</br></br>The Dow Jones industrial average was off 8.94 points at 3636.16. Declining issues outnumbered advancing ones by about 8 to 7 on the New York Stock Exchange. Volume was 287.2 million shares, down from</br></br>But the Nasdaq index gained 3.03 points to 771.28, snapping a three-session losing streak, on the strength of technology stocks.</br></br>The Treasury's 30-year bond yield shot up to 5.92 percent from 5.82 percent at WednesdayÛªs close, partly in response to recent softness in the market, but also because of the German Bundesbank's decision to cut its key discount and Lombard rates, analysts said.</br></br>Some bond traders viewed the move as an aggressive attempt to stimulate the flagging Germany economy, which in turn would eventually spur U.S. growth and lead to