Dow up 25
to another record

NEW YORK -- Stocks mounted a late recovery for the second day in a row, pushing several measures further into record territory despite more worrisome news in the technology sector.

The Dow Jones industrial average erased an early 43-point drop and rose 25.41 points to close at 8,775.40 for its third straight record close.

Advancers beat decliners by an 8-to-7 margin on the New York Stock Exchange, with 1,573 up, 1,385 down and 545 unchanged. NYSE volume was 628.71 million shares -- heavy, but down from yesterday's tally of 674.00 million.

Broad-market indicators also turned higher in the afternoon, with the technology-heavy Nasdaq composite index market setting a new high despite late yesterday's profit warning from Bay Networks.

The Standard & Poor's 500 and the NYSE composite index closed at record highs for the sixth time in seven sessions, while the American Stock Exchange composite index set a new high for the first time since before the selloff in October.

The S&P 500 gained 5.07 to close at 1,085.52, extending this year's gain to nearly 12 percent. The NYSE composite index climbed 2.53 to 565.62. The Nasdaq index rose 8.98 to 1,788.28.

The American Stock Exchange composite index gained 4.60 to 722.76 and the Russell 2000 index rose 1.07 points to end at 472.18.

The price of the Treasury's main 30-year bond was down 3/16 point, or $1.87-1/2 per $1,000 in face value, by late afternoon, while its yield rose to 5.9 percent from 5.89 percent late yesterday.