NEW YORK, Jun. 29, 2009 (Kyodo News International) -- The Dow industrials rebounded Monday to end above 8,500 for the first time in 10 trading days, backed by expectations for economic recovery.

The Dow Jones Industrial Average of 30 blue-chip issues gained 90.99 points from Friday to 8,529.38.

The tech-heavy Nasdaq Composite Index rose 5.84 points to 1,844.06.

Driven by optimism about the U.S. economy, traders snapped up a broad range of issues. Nearly all of the Dow industrials gained, except for shares of aluminum giant Alcoa (AMEX:AA.PR) (NYSE:AA) , whose credit rating was lowered by analysts.

Exxon Mobil and other oil firms' shares generated strong buying appetite, backed by high crude oil prices. Financial and technology shares also drew steady buying as well.