Technology stocks, the dominant force on Wall Street this year, propelled the Nasdaq composite index to its first close above 4,000 yesterday and boosted broader market indicators to records of their own.
The Nasdaq, which lists most of the world's leading technology companies, finished above 4,000 just 38 trading days after its first close above 3,000. The Nasdaq has dramatically outperformed the Standard and Poor's 500 and the Dow Jones industrials, which set their latest records on the slimmest of gains.
On Wall Street, the Dow rose 7.95 to close at 11,484.66. The bluechip index eased past its previous record of 11,476.71, set on Tuesday.
The Nasdaq composite rose 69.43 to 4,041.54, and the S & P 500 rose 5.80 to a record 1,463.46.
Advancing issues outnumbered decliners by a five-to-three margin on the New York Stock Exchange, with 1,919 up, 1,175 down and 471 unchanged.
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