NEW YORK, JUNE 11 -- The stock market managed to post its fourth consective gain in quiet trading today, recovering from the jolt of a late selloff in the previous session.
The Dow Jones average of 30 industrials rose 6.52 to 2360.13, bringing its gain since the start of the week to 33.98 points.
Volume on the New York Stock Exchange slowed to 138.86 million shares from 197.44 million Wednesday.
Stocks took a tumble Wednesday afternoon in selling that wiped out most of a broad early gain. But the market steadied before the close to finish just barely on the plus side.
Analysts said that showing impressed some traders who had regarded the market as vulnerable to profit taking.
Another plus today was a drop in open market interest rates. Prices of long-term government bonds, which move in the opposite direction from rates, rose about $5 for each $1,000 in face value.
Wall Streeters have shown no strong reaction either way to the economic summit meeting that was held in Venice this week.
Japanese stocks were strong after the Tokyo stock market reached a new record high. Honda Motor gained 8 3/4 to 113 3/4; Kyocera 4 3/8 to 75 3/4; TDK 2 3/4 to 50 1/4, and Matsushita 4 to 133.
International Business Machines slipped 1/8 to 157 5/8 after trading higher for most of the session. Late today, the company denied rumors that it was experiencing problems that might delay its new personal computer.
Some retailing issues moved up, variously bolstered by analysts' favorable comments or takeover speculation. J.C. Penney rose 1 1/2 to 56; K mart 1/4 to 42 3/4, and Federated Department Stores 1 1/2 to 53.
Stocks of leading domestic automakers finished narrowly mixed, with General Motors up 3/8 at 84 3/8; Chrysler down 3/8 at 35 1/2, and Ford Motor off 1/8 at 93 5/8.