TECHNOLOGY and smaller company stocks rose sharply in the US today, boosting the Nasdaq stock market and the Russell 2000 to record highs for the 10th straight session.
The broad market rebounded with bonds from some early weakness after a new report indicated a slower pace of economic growth, allaying fears about inflation.
The gains were more pronounced than in recent days, but trading remained restrained ahead. of a pivotal report on April employment.
On Wall Street, the Dow Jones industrial average finished with a gain of 6.14 points to close at 5,575.22 the fourth straight change of less than 10 points for the sluggish index of big US companies.
The Dow was up as much as 25 points after rebounding from a loss of more than 20 in the morning.
The Nasdaq composite and the Russell 2000 list of smaller companies resumed their powerful rally after two days of meagre gains.
