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Monday 27 September 1999 23:02 BST

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WALL STREET rebounded yesterday, led by computer-related companies as investors snapped up shares they considered cheap after last week's declines.

The Dow Jones rose 24.06, or 0.2 per cent, to 10,303.39. The Nasdaq Composite Index rose 21.34, or 0.8 per cent, to 2,761.75, after slumping last week when Microsoft's president said technology shares were overvalued. Goldman Sachs' Abby Cohen helped the recovery by recommending `main-line' technology stocks.

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