Investors who sold stocks and index futures on concerns that interest rates would rise are rethinking as bonds are little changed, say traders.
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STOCKS rose, led by AT&T as the US phone giant won the war with Comcast for MediaOne. The Dow Jones Industrial Average rose 69.30 points to close at 10,955.41, with AT&T the biggest gainer. The S&P 500 gained 15.32 to 1,347.32, while the Nasdaq Composite rose 49.20 points to 2,534.32, its first rise of the week.