Dow gains 87.68
to another record

NEW YORK -- Technology and financial shares led a broad advance today, putting Wall Street right back on its record-setting path after another short-lived flurry of profit-taking.

The Dow Jones industrial average rose 87.68 points to close at 8,457.78, edging its record of 8,451.06 from last Wednesday.

An afternoon gain of 119 points briefly put the Dow within 11 points of 8,500.

Advancers led decliners by a 2-to-1 margin on the New York Stock Exchange, with 2,002 up, 941 down and 528 unchanged. NYSE volume was 608.33 million shares vs. 589.29 million yesterday.

Broader stock indicators also set new highs, with technology shares resuming their market leadership after yesterday's modest setback. Microsoft Corp. and Intel Corp. led the Nasdaq advance, while IBM and Hewlett-Packard Co. were two of the Dow's biggest gainers.

The Standard & Poor's 500 index rose 12.34 to 1,042.90, the NYSE composite index gained 5.56 to 540.38, and the Nasdaq composite index climbed 27.78 to 1,766.49, topping Monday's closing records by all three measures.

The Russell 2000 index of smaller companies rose 4.19 to 458.49, and the small-company dominated American Stock Exchange composite index gained 4.29 to 691.79.

The price of the Treasury's main 30-year bond was up 5/8 point, or $6.25 per $1,000 in face value, by late afternoon, while its yield fell to 5.92 percent from 5.95 percent late yesterday.

Overseas, Tokyo's Nikkei stock average rose 1.0 percent.