Wall St pushes ahead

BLUE-chip stocks pushed further into record territory on Wall Street yesterday as interest rates fell in the bond market amid…

BLUE-chip stocks pushed further into record territory on Wall Street yesterday as interest rates fell in the bond market amid new signs of a moderating economy that might keep inflation under control.

Broad-market measures were mostly positive, with the Standard and Poor's 500-list and the New York Stock Exchange composite index closing at record highs.

Advancing issues outnumbered decliners by nearly three-to-one on the New York Stock Exchange, with 1,425 up, 968 down and 869 unchanged.

New York Stock Exchange volume totalled 478.55 million shares as of 9 p.m. (BST) against 441.41 million in the previous session.

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The NYSE composite rose 1.88 to 376.41, leaping past the October 7th record close at 374.74. The Nasdaq composite index fell 9.01 to 1,241.98, while the American Stock Exchange's market value index rose 0.87 to 577.39.