Dow jumps
90.93 to record

NEW YORK -- Stocks bounced back today after a brief spell of renewed worry about Asia, lifting some market indexes just high enough to set new records.

The Dow Jones industrial average erased an early 23-point drop and rose 90.93 points, about 1 percent, to close at 9,167.50, erasing yesterday's 85-point slide and edging past Wednesday's closing record of 9,162.27. For the week, the Dow has gained to 274.64. Thus far this year, the Dow has gained about 1,250 points, or nearly 16 percent, double what many analysts had predicted for all of 1998.

Advancers beat decliners today by a 3-to-2 margin on the New York Stock Exchange, with 1,754 up, 1,165 down and 570 unchanged. NYSE volume totaled 662.11 million shares, down from yesterday's hefty tally of 695.39 million.

The Standard & Poor's 500 list rose 14.55 to 1,122.72, squeaking past the April 3's record close at 1,122.70. The Nasdaq composite index gained 8.35 to 1,866.59, topping yesterday's record finish at 1,863.26.

The NYSE composite index rose 7.20 to 584.11, beating that measure's previous best close of 583.17 on April 6.

The Russell 2000 index of smaller companies rose 2.60 to 487.01, pushing past the April 2 record of 486.43. The American Stock Exchange composite index gained 5.02 to 744.37, but still about 3 points from a new high.

The price of the Treasury's main 30-year bond was down 1/32 point, or 31 cents per $1,000 in face value, in late trading, while its yield held at yesterday's 5.87 percent.