Dow up 84.77
to record close

NEW YORK - Stocks surged higher in late trading today, taking the Dow Jones industrial average to a record close, after a government jobs report tempered investors' concerns about higher interest rates.

The Dow gained 84.77 to close at 11,031.59, surpassing the closing high of 11,014.69 reached Monday.

Broader stock indicators were mostly higher after seesawing earlier in the session. Some strength on technology shares, which had been battered for most of this week, lifted the Nasdaq composite index to 31.34 to 2,503.62.

Advancers led decliners by a 16-to-13 margin on the New York Stock Exchange, with 1,660 up, 1,306 down and 566 unchanged. NYSE volume came to 819.41 million shares, down from 880.20 million yesterday.

The Standard & Poor's 500 index was up 12.95 to close at 1,345.00. The NYSE composite index gained 5.02 at 641.24, but the American Stock Exchange composite index slipped 0.52 at 787.29. The Russell 2000 index rose 2.73 to end at 436.11

Gold stocks fell today amid a steep drop in gold prices after the British Treasury announced plans to sell 125 tons of gold this year.

The 30-year Treasury bond fell 6/32, or $1.88 per $1,000 security, to 92 1/8, to yield 5.81 percent, up from 5.78 percent yesterday and the highest yield since June 4.

In Tokyo, the Nikkei stock average fell 2.05 percent, shedding more than half of its nearly 600-

point gain yesterday. The Nikkei average shed 354.09 points, closing the week at 16,946.52. Yesterday, the Nikkei climbed 3.59 percent on investor optimism.