Around the World's Markets: New York

STOCKS TURNED higher in midday trading after drifting early in the session but investors were expected to remain cautious about the staying power of Wall Street's recent strength.

The Dow Jones Industrial Average was up 25 at 8,923 after shedding as much as 43 points earlier. The technology-heavy Nasdaq Composite Index was up by 7 points at 1,868, with shares in internet companies such as Yahoo! and leading the rebound.