BLUE-CHIP shares led stocks to more new highs bouncing back with bonds from some early jitters about potential market jolts from Senate appearance by Federal Reserve chairman Alan Greenspan.
On Wall Street, the Dow Jones industrial average rose 40.03 points to close at 6,883.90 to seal its fourth straight record finish and 10th in 12 sessions.
After sliding nearly 44 points near the open, the blue-chip barometer gained as much as 50 points, moving within six points of 6,900 less than four months after its first move* above the 6,000-mark.
Broader measures also set new highs, turning higher after a weak opening with bonds.
Advancing issues outnumbered decliners by a narrow margin on the New York Stock Exchange, with 1,306 up, 1,243 down and 799 unchanged. NYSE volume totaled 571.26 million shares as of 4 pm vs. 444.39 million in the previous session.
