NEW YORK — Stocks climbed higher Wednesday, recouping some of Tuesday's losses, as investors took heart from a modest recovery in the Treasury bond market, brokers said.
The Dow Jones index of 30 industrials, which had dropped 10.93 points Tuesday, rose 5.71 to 2,596.28.
Volume on the New York Stock Exchange came to 183.07 million shares, against 173.53 million in the previous session.
Analysts said fluctuations in interest rates continued to set the tone for the market.
After climbing Tuesday to their highest levels in almost two years, surpassing 9.75%, rates on long-term Treasury bonds dropped back a bit in Wednesday's credit market activity.
But analysts said stock traders remained concerned that rates might come under more upward pressure soon.
In the economic news, the Commerce Department said its index of leading economic indicators rose 0.6% in August.
Ford Motor Up
The figure matched advance estimates on Wall Street, and brokers said it exerted no strong influence either way on the market.