Around the World's Markets: New York

BLUE CHIP stocks rebounded from a broad sell-off after Compaq's profits warning on Friday, with the Dow up 28 points at 10,202 at midday, back from an early 77-point loss. The Nasdaq index was off 12 points, with a ratings downgrade on Intel, the world's largest chip maker, adding to technology sector's gloom.

A strong rise in American Express and Caterpillar, the heavy equipment maker, helped pull up the Dow.