Stocks rise to another record high

Stocks rose to more record highs yesterday as interest rates fell to their lowest level since early 1996 in the bond market

Stocks rose to more record highs yesterday as interest rates fell to their lowest level since early 1996 in the bond market. The Dow Jones industrial average, which has lagged the broad market's rebound from August's slide, rose 61.64 points to 8,100.22. It was the Dow's first trip above 8,100 since August 8th. Broad-market measures padded Friday's record highs as bonds extended a nearly month-long rally.

The Standard and Poor's 500 list closed at a new high for the second straight session after a two-month drought. And the Russell 2000 index of smaller companies set a record for the sixth straight session and 23rd time in 28 sessions.

The technology sector posted modest gains despite the latest in a stream of warnings from that group about profits for the quarter that ended last week.

Silicon Graphics tumbled as the most active NYSE issue after the company said weak sales of its computer servers had hurt its results.