Around the World's Markets: New York

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US STOCKS rose for a third day as computer and Internet shares staged a rally. America Online, and Onsale soared after the analyst Morgan Stanley Dean Witter made bullish comments on Internet companies.

The Dow Jones rose 85.22, or 1 per cent, to 8988.85, still 4 per cent below its 23 November record. The Nasdaq Composite Index climbed 51.88, or 2.5 per cent, to 2138.02, topping the record it set on Friday.