Dow gains 43 to
record close

NEW YORK -- Technology stocks led the market to new highs, fueled by a better-than-expected profit report from IBM Corp. and a sudden fervor for Internet stocks.

The Dow Jones industrial average rose 43.10 points to 9,184.94, topping Friday's record close of 9,167.50. The blue-chip barometer, which slipped 25 points yesterday, opened the day with a 43-point loss before turning higher.

Advancers beat decliners by an 8-to-7 margin on the New York Stock Exchange, with 1,582 up, 1,381 down and 556 unchanged. NYSE volume was 674.06 million shares, up sharply from 595.19 million yesterday.

Broad-market measures also finished at record levels, with the Standard & Poor's 500 and the technology-heavy Nasdaq composite index setting new marks for the third straight session.

The S&P 500 rose 2.69 to 1,126.34, and the NYSE composite index rose 0.79 to a record 584.80. The Nasdaq composite index rose 16.73 to 1,903.87, its first foray above 1,900.

The Russell 2000 index of smaller companies rose 2.60 to 491.41, and the small-company dominated American Stock Exchange composite index rose 1.84 to 749.79, padding yesterday's records for both measures.

The price of the Treasury's main 30-year bond was down 11/32 point, or $3.44 per $1,000 in face value, by late afternoon, while its yield rose to 5.94 percent from 5.92 percent late yesterday.

IBM rallied nearly 7 points -- or the equivalent of more than 25 Dow points -- after posting its first-quarter results late yesterday.