Bond market rally helps lift shares

A rally in the New York bond market carried over to stocks yesterday, lifting financial shares and pulling the Dow industrials…

A rally in the New York bond market carried over to stocks yesterday, lifting financial shares and pulling the Dow industrials out of a narrow trading range. At the close of trading on Wall Street, the Dow Jones industrial average was up 92.76 at 10,394.89.

Broader stock indicators were mixed.

The Standard & Poor's 500 rose 14.80 to 1,296.71, and the Nasdaq composite index fell 8.95 to 2,802.52.

Advancing issues outnumbered decliners by a 4-to-3 margin on the New York Stock Exchange, with 1,735 up, 1,310 down and 511 unchanged.

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NYSE volume totalled 894.39 million shares, against 868.97 million in the previous session.

The Russell 2000 index of smaller companies rose 0.95 to 416.74.