THE S&P 500 rose yesterday as investors hunted for bargains a day after a steep sell-off, but another delay for <strong>Boeing’s </strong>787 Dreamliner kept the Dow in the red.<br /><br />Shares that led the market down on Monday, when the market suffered its worst one-day loss in two months, were among the positive influences, including banks, energy and materials.<br /><br /><strong>JPMorgan Chase</strong> shares rose 2.1 per cent to $33.57 after falling 6.1 per cent on Monday, while <strong>Bank of America</strong> gained 2.4 per cent to $12.23 a day after sliding 9.7 per cent. Shares of <strong>Chevron</strong> rose 0.3 per cent to $65.96 after losing 3.4 per cent on Monday.<br /><br />Boeing’s stock fell 6.5 per cent.<br /><br />There was also market caution a day ahead of the Federal Reserve’s assessment of economic conditions in the US.<br /><br />“The market’s really trying to stabilise after a pretty sharp decline yesterday,” said Michael Sheldon, chief market strategist of RDM Financial.<br /><br />Energy shares also got a boost from a 2.6 per cent gain in US oil futures prices.<br /><br />The Dow Jones industrial average was down 16.10 points, or 0.19 per cent, at 8,322.91. But the Standard & Poor’s 500 Index was up 2.06 points, or 0.23 per cent, at 895.10. The Nasdaq Composite Index was down 1.27 points, or 0.07 per cent, at 1,764.92.<br /><br />The broad S&P 500 index dropped back into negative territory for the year on Monday. Although the index is up about 32 per cent from a 12-and-a-half-year low hit in early March, it had been up as much as 40 per cent.