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Dow Up 38.56 in Quiet Session

November 11, 1997

NEW YORK (AP) _ Stocks rose modestly this morning in a quiet Veteran’s Day session with no bond trading or government reports to steer investors.

At 11 a.m. on Wall Street, the Dow Jones industrial average was up 38.56 at 7,591.15. The blue-chip barometer has retreated for three straight sessions after rallying most of the way back from a 554-point tumble two weeks ago.

Broader stock indicators were also posting slim gains today. The Treasury bond market was closed in observance of Veteran’s Day.

Advancing issues outnumbered decliners by a 6-to-5 margin on the New York Stock Exchange, where volume came to 134.21 million share, almost even with Monday’s early pace.

The Standard & Poor’s 500 list was up 6.22 at 927.35, and the NYSE composite index was up 2.61 at 487.48.

The Nasdaq composite index was up 0.62 at 1,591.34, and the American Stock Exchange composite index was up 2.30 at 682.77.

Stocks finished mixed on Monday after the quietest session in a month. The battered technology group stumbled anew amid worries about a flaw in Intel’s Pentium chip and signs of weak demand for computer disk drives.

Overseas, Tokyo’s Nikkei stock average rose 1.1 percent. In afternoon trading, Frankfurt’s DAX index was down 0.6 percent and London’s FT-SE 100 was down 0.6 percent.

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