Stocks surged higher in New York in late trading yesterday, taking the Dow Jones industrial average to a new closing high, after a government jobs report tempered investors' concerns about higher interest rates.
On Wall Street, the Dow rose 84.77 points - or 0.8 per cent - to 11,031.59, surpassing the closing high of 11,014.69 reached on Monday.
The Nasdaq was up 31.34 to 2503.62. The Standard and Poor's 500 index was up 12.95 at 1,345.00. Advancing issues outnumbered decliners by a narrow margin on the New York Stock Exchange.
The NYSE composite index was up 5.02 at 641.24, and the American Stock Exchange composite index was down 0.52 at 787.29.
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The Russell 2000 index of smaller companies was up 2.73 to 436.11.
