The Standard & Poor's 500-stock index rallied strongly from its July lows.

In 2003, for example, the Standard &Poor's 500-stock index broke out of the bear's grasp and rallied by an impressive 28.7 percent.

The Standard & Poor's 500-stock index rallied 8.38 points, or six-tenths of a percent, to 1,313.71.

The blue-chip index rallied as long-term interest rates began to ease even as short-term rates climbed.

All three indexes have rallied since late March and early April.

The buying interest was concentrated in the futures market and the index rallied only 4 points.

Broader indexes also rallied, with the S.& P. 500, which rose 3.83 points, to 710.82, posting its fourth new high of the week.

Broader indexes also rallied, with health care, technology and transportation stocks in heavy demand.

The Standard & Poor's 500-stock index rallied 9.15 points, to 1,273.83.

The Standard & Poor's index of 500 stocks also rallied, although with less strength than the Dow.