Stocks were mixed in New York yesterday, as they went through a volatile session marked by continued worries about rising interest rates and inflation.

Technology stocks fell sharply, bearing the brunt of investors' pessimism.

At the close of trading on Wall Street, the Dow Jones industrial average was up 96.57, or 1 per cent, at 10,116.28. Most of the gain occurred in the final 30 minutes of trading. Earlier in the session, the Dow was up as much as 108 points and down as much as 43 points from Friday's close.

The Russell 2000 index of smaller companies fell 6.62 to 408.08.

Analysts said that after driving the blue chips down last week, investors were ready to unleash their worries on the Nasdaq's technology stocks.

Intel, Microsoft and Dell all fell yesterday, along with many of the Nasdaq's high-flying Internet companies. Traders said the Nasdaq was ready for a fall after outperforming the Dow in recent weeks. At the close of trading yesterday, the Nasdaq was still up 22.6 per cent so far this year, while the Dow was up just 10.2 per cent.