Aug 22, 1997 2:46 PM

Market Dive, Recovery

A wave of technology selling and a slump in bonds sent both the Nasdaq and the Dow into a spectacular dive-recover routine. The Dow, once down 177 points, finished off 7.20 to 7886.75. Nasdaq made up all but 8.61 points of a 35-point loss to finish at 1598.75.

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