STOCKS advanced broadly yesterday as bonds rallied, sending interest rates to their lowest level since early April, after commodity prices fell sharply, reinforcing other suggestions of tame inflation.
Broader measures posted their best gains in weeks, led by technology, financial and health care issues.
Advancing issues outnumbered decliners by a three to one margin on the New York Stock Exchange, with 1,482 up, 969 down and 838 unchanged.
NYSE volume totalled 482.80 million shares at 9 p.m. against 437.78 million in the previous session.
The Standard and Poor's 500-stock index rose 4.37 to 705 97 and the NYSE's composite index rose 1.78 to 374.50.
The Nasdaq composite index rose 15.28 to 1,221.51, and the American Stock Exchange's market value index rose 3.43 to 568.72
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