The Dow Jones industrial average rose 52.45 to 5,687.50.

Advancers outnumbered decliners by about 5 to 3 on the New York Stock Exchange, with 1,472 up and 878 down. NYSE volume totaled 429.11 million shares vs. 389.97 million in the previous session.

Broader measures also staged a strong advance, with the major indexes pushing into record territory. The NYSE composite rose 2.37 to 358.78, the fourth new high for that index this week. The Standard & Poor's 500-stock index set its third new record, gaining 4.06 to 668.91.

Among the market indicators dominated by smaller and more speculative companies, the Nasdaq composite rose 1.72 to 1,241.03, its fifth new record in six sessions for the index; the American Stock Exchange's market value index rose to its fourth new high this week, adding 2.48 to 605.21; and the Russell 2000 list of smaller companies gained 1.88 to 360.64, its sixth straight record finish.

On Friday, bonds rallied on news that a widely watched index on consumer sentiment has fallen this month. Lower consumer confidence can mean less spending and less pressure on supplies and prices.

Stocks followed bonds higher as the yield on 30-year Treasuries - a benchmark used to determine the interest charged on many loans - fell below 6.9 percent after an unsettling move above that level yesterday.