U.S. stocks staged an afternoon relief rally after
videotaped grand jury testimony, which was televised today, offered up no big surprises.
Dow Jones Industrial Average
ended up 37.59, or 0.48%, to 7933.25. The
gained 3.80, or 0.37%, to 1023.89, while the
Nasdaq Composite Index
rose 16.66, or 1%, to 1680.43 and the
fell 0.61, or 0.17%, to 362.65.
Meanwhile, the 30-year Treasury bond gave up a huge chunk of the flight-to-quality gains it enjoyed earlier in the day, but it was still up solidly late this afternoon. The long bond was recently up 11/32 to 105 22/32, yielding 5.127%.
The Dow had fallen sharply early in the session before bouncing off its lows around midmorning, but it was still mired in negative territory, suffering sizable losses.
U.S. stocks opened down in a continuation of the selloff that began overseas. Concerns over Japan and earnings concerns for U.S. companies also weighed on the market.
Volume was relatively light today in part because of Rosh Hashana, traders said.
New York Stock Exchange
, 1,779 decliners led 1,242 advancers on 611 million shares.
Nasdaq Stock Market
losers beat winners 2,267 to 1,660 on 545 million shares.
On the NYSE, 186 issues hit new 52-week lows while 30 hit new highs. On the Nasdaq, 260 issues were at new lows while new highs totaled 14.
Most active on the Big Board was
. Shares closed down 9/16 to 39 5/8 on volume of 11.5 million shares.
The volume leader on the Nasdaq was
, which rallied 2 to 59 15/16 on volume of 20.6 million shares.