Stocks Rebound Sharply With Steels, Motors in Lead
NEW YORK, Feb, 2 (AP) The stock market rebounded sharply today after sinking to a support level where heavy buying drove prices up rapid-Iv.</br></br>The Dow Jones industrial average ended with a net gain of 6.40 at 982.29, not quite erasing yesterdayÛªs loss of 7.62. At noon, however, the average had sunk 3.18 to 972.71 and from there on it rallied, cover-; ing 9.58 points from bottom to top.	,</br></br>Recovery was especially no-! ticeable among some of the higher-priced, more volatile] issues which were battered: yesterday. Boeing rose 71/2,| more than erasing yesterdayÛªs loss of 1 5/8. Fairchild Camera recouped 6 1/8 of the 9 V4 it dropped yesterday. Motorola won back 2% of the 6V2-point Tuesday decline.</br></br>Well ahead were steels, motors, rubbers, mail orders-re-tails, aerospace defense issues, electronics, electrical equipments, oils, airlines and tobaccos. Rails and utilities were slightly lower. Nonfer-rous metals were down irregularly.</br></br>The Associated Press average of 60 stocks recovered .8 of the previous sessions loss of 3.0, closing at 354.1. Industrials rose 3.2, rails lost .6 and utilities .8.