- The Washington Times - Tuesday, October 15, 2002

NEW YORK (AP) Investors traded cautiously yesterday, managing to give the market a third straight day of gains despite a weekend bomb attack in Indonesia that spooked overseas markets.
Analysts said investors were waiting to see whether the market could continue its upward surge before they jumped back into stocks.
The Dow Jones Industrial Average rose 27.11, or 0.4 percent, to close at 7,877.40, after gaining 4.3 percent last week to snap a six-week losing streak. Blue-chip stocks had not seen three straight days of gains in five weeks.
The broader market also finished higher. The Nasdaq Composite Index rose 10.06, or 0.8 percent, to 1,220.53, having surged 6.2 percent last week. The Standard & Poor's 500 Index gained 6.12, or 0.7 percent, to 841.44, following a weekly advance of 4.3 percent.
Last week's rally boosted the Dow 564 points in two days and followed six weeks of market declines that pushed the Dow to a five-year low and the Nasdaq to a six-year low. But analysts were uncertain whether the upward trend would continue, given investors' growing concerns about the economy and a war with Iraq.


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