Stocks drifted higher yesterday, the calmest session in two weeks, padding Monday's big rally and chipping away at the little remaining damage from last week's tumble. The Dow Jones industrial average recovered from a morning loss of 52 points and rose 14.74 points to 7,689.13.
Broad-market measures also brushed off some early weakness spurred by another rocky day of trading on overseas markets.
Volume was heavy by normal standards, but continued to slow from the breakneck pace seen last week.
Advancing issues outnumbered decliners by a 10-to-9 margin on the New York Stock Exchange, with 1,538 up, 1,378 down and 505 unchanged.
NYSE volume totalled 537.14 million shares. The Standard and Poor's 500stock list rose 1.77 to 940.76, the NYSE composite index rose 1.43 to 494.06, and the Nasdaq composite index rose 1.17 to 1,631.15.
