Market Wrap

Blue chips rallied after falling sharply in morning trading on fears that a Japanese recession will bite deeply into the American economy and corporate profits. But skittishness about weakened earnings suppressed the oft-bubbly technology sector. The Dow rose 23.17 points, or 0.26 percent, to close at 8834.94. The Nasdaq fell 4.70 points, or 0.27 percent, to 1745.05.

Blue chips rallied after falling sharply in morning trading on fears that a Japanese recession will bite deeply into the American economy and corporate profits. But skittishness about weakened earnings suppressed the oft-bubbly technology sector. The Dow rose 23.17 points, or 0.26 percent, to close at 8834.94. The Nasdaq fell 4.70 points, or 0.27 percent, to 1745.05.