BLUE chip stocks bolted higher on Wall Street yesterday as investor enthusiasm, underscored by record flows of new cash into mutual funds, pushed the market's rally into a fourth week.
The Dow Jones average of 30 industrial stocks, flirting with its first close above 5,600, gained 58.53 points and closed at 5,600.15 - its sixth straight record finish and 13th in 16 sessions.
Advances outnumbered declines by about 8 to 7 on the New York Stock Exchange, with 1,355 up, 960 down and 785 unchanged.
Big Board volume totalled 397.83 million shares, against 476.64 million in the previous session.
The NYSE's composite index rose 2.26 to 351.70. The Standard and Poor's 500 stock index rose 5.09 to 661.46.
The Nasdaq composite index gained 0.66 to 1095.26.
At the American Stock Exchange, the market value index fell 1.55 to 562.46.
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