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New York (AP)

Stocks rally late

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Stocks open higher after two days of steep losses
Traders work on the floor moments before the opening bell at the New York Stock Exchange November 21, 2008 in New York City. The Dow rose 494 points to 8,046, a gain of 6.5 percent. For the week, it was down more than 5 percent.
Mario Tama/Getty Images

The market's moves had been indecisive for much of the session, coming after two days of heavy selling.

The Dow rose 494 points to 8,046, a gain of 6.5 percent. For the week, it was down more than 5 percent.

The S&P 500 gained nearly 48 points to 800. The Nasdaq composite rose 68 points to 1,384.

Advancing issues topped decliners by a 5-3 margin.

Volume on the NYSE came to 9 billion shares. Nasdaq volume was 3 billion.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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Stocks open higher after two days of steep losses
Traders work on the floor moments before the opening bell at the New York Stock Exchange November 21, 2008 in New York City. The Dow rose 494 points to 8,046, a gain of 6.5 percent. For the week, it was down more than 5 percent.
Mario Tama/Getty Images