Stock prices were mixed in New York yesterday as concerns about corporate profits and a moderating economy once again limited gains.

The market attempted to rebound earlier in the day but was dragged down as investors unloaded expensive Internet and software-related issues.

The Dow Jones industrial average closed up 49.21, or 0.5 per cent, at 10,700.13. The Nasdaq composite index fell

103.92, or 2.8 per cent, to 3,568.90 after moving higher earlier in the day. The Standard and Poor's 500 index was off 0.28 at 1,436.23.

Declining issues outnumbered advancers by a narrow margin on the New York Stock Exchange, where volume came to 770.96 million shares, compared to 786.10 million in the previous session. The Russell 200 index of smaller companies fell 8.13 to 513.24.