Wednesday's Market: Roller Coaster of Day Leaves Dow With Gains

(Updated from 4:01 p.m.)

After a roller coaster ride on the stock market this afternoon, the major indices finished mixed. In late day trading, the Dow Jones Industrial Average flipped above and below 9500, but closed up 30 to 9515. The Nasdaq Composite Index was stuck below the 1650 watermark, ending down 34 to 1639.

Despite today's gains on the Dow, most Wall Street pros agree that until the earnings picture brightens, the stock market outlook will darken. Furthermore, experts were skeptical of today's advance on the blue-chip index, as buying is typically met with selling in a bear market environment.

Major Indices INDEX CHANGE % VALUE YR TO DATE Dow 29.71 0.31% 9,515.42 -11.8% S&P 500 3.21 -0.29% 1103.25 -16.4% Nasdaq 34.20 -2.04% 1638.80 -33.7% Russell 2000 1.22 -0.29% 425.74 -12.0% TSC Internet 2.14 -1.18% 178.60 -40.6% NOTE CHANGE PRICE YIELD 10-Year Treasury -- 100 18/32 4.929% Market data as of: 5:00 PM ET, Apr 4 2001

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