Dow Climbs 57 To Break Seven-Day Slide
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The Dow Jones industrial average broke a seven-day slide after traders sifted through the market for beaten-down stocks. Investors tried Tuesday to recover some of the big losses that piled up following disappointing economic reports. The Dow had dropped 7.3 percent in the past two weeks and on Friday closed at its lowest level since early October.
The steep drop drew traders expecting to see the market bounce.
The Dow is up 57 points at 9,744. The Standard & Poor’s 500 index is up 5 at 1,028, while the Nasdaq composite index is up 2 at 2,094.
Falling stocks narrowly outpaced those that rose on the New York Stock Exchange. Volume totaled 1.3 billion shares compared with 1.1 billion Friday.
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