NEW YORK -- The Dow edged higher just before the close today, shaking off a second day of profit-taking after Monday's record-setting rally. Broader stock indexes rose modestly in predictably light trading before Thanksgiving. Dow up 13.13
The Dow Jones industrial average finished 13.13 points higher at 9,314.28 after slipping as much as 48 points in the morning.
The Nasdaq market posted the biggest gains as the continuing frenzy for Internet-related stocks led yet another strong day in the technology group.
The Standard & Poor's 500 rose 3.88 to 1,186.87. The Nasdaq composite index rose 19.33 to 1,985.21, up 26.4 percent for the year and about 30 points below the July 20 record of 2,014.25.
Advancers outnumbered decliners by a 10-to-9 margin on the New York Stock Exchange, with 1,583 up, 1,430 down and 508 unchanged. Nasdaq gainers led by an 11-to-9 ratio.
Volume eased from the busy pace of the prior two sessions as many traders left early for the impending holiday. About 582.19 million shares changed hands on the NYSE, down from 763.85 million yesterday.
The NYSE composite index rose 1.35 to 581.04, and the American Stock Exchange composite index rose 2.51 to 669.34.
The Russell 2000 index of smaller companies rose 2.72 to 399.32.
The 30-year Treasury bond rose 12/32, cutting its yield 3 basis points to 5.18 percent, the lowest since Oct. 30.
The stock and bond markets will be closed today in observance of Thanksgiving. Both will close early on Friday.
Japan's Nikkei stock average fell 0.6 percent.