The stock market posted modest gains in moderate tradingWednesday after a late rally erased losses stemming from adeteriorating dollar and sharply lower bond prices.
The Dow Jones industrial average, which closed above 2,700 forthe first time Monday but fell 45.91 points Tuesday, rose 11.16 to2,665.82. The day's gains occurred in the last hour of trading, whenthe Dow erased a 14-point deficit and climbed into plus territory,taking the broad market along.
After trailing losers through most of the session, advancingissues finally took the lead, outnumbering declines 775-762 on theNew York Stock Exchange on volume of 180.9 million shares.
Broad market …
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