Stocks wobbled to a mixed finish in New York yesterday, rebounding from steep losses wrought by IBM's warning that worries about the Year 2000 computer bug were hurting hardware sales.
At the close of trading on Wall Street, the Dow Jones industrial average was down 94.67, or 0.9%, at 10,297.69. Earlier in the session, the Dow had dipped 213 points. IBM accounted for nearly all of the decline.
Broader stock indicators also rallied late in the day and ended mixed.
Declining issues outnumbered advancers by a five-to-three margin on the New York Stock Exchange, with 1,892 down, 1,160 up and 479 unchanged.
NYSE volume totalled 984.66 million shares, against 917.51 million in the previous session.
The Russell 2000 index of smaller companies rose 0.33 to 414.27. Stocks plunged at the start of trading in a sell-off attributed almost entirely to pessimism following IBM's disappointing forecast.
