Analysts were encouraged, but noted that the issues pulling stocks down had not gone away. A sharp rally in the bond market saw yields on the benchmark 30-year US Treasury at new record lows: inflation and interest rates are not a concern on Wall Street.
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WALL STREET stocks slumped as a flurry of global crises weighed on investor sentiment, but bargain hunters emerged late. The Dow ended down 78 points at 8,534, more than 200 points above the low of 8,328.