Stocks rose on Wall Street yesterday, led by the battered technology sector, after several Asian markets began to rebound from a series of falls over the past week.

The Dow Jones industrial average rose 84.95 points - or 1.1 per cent - to 7,732.13, the blue-chip barometer's best performance in two weeks.

Broader indexes also posted sizable gains, with the rally accelerating just before the closing bell and the day's main event - a profit report from Intel that analysts will scour for evidence of how the Asian economic crisis has affected the technology sector.

Advancing issues outnumbered decliners by a 5-to-2 margin on the New York Stock Exchange, with 2,134 up, 865 down and 464 unchanged. NYSE volume totalled 645.68 million shares, against 682.90 million in the previous session.

The Nasdaq composite index rose 34.04 to 1,541.62, and the American Stock Exchange composite index rose 9.47 to 655.88.