THE Dow Jones industrial average struggled further into record territory yesterday and the broad market dipped amid some profit-taking on the stunning rebound of recent weeks.
On Wall Street, the Dow rose 10.83 points to close at 7,225.32, after surrendering an afternoon gain of 55 points. Broader indicators edged lower in heavy volume, with the technology-heavy Nasdaq market snapping a six-session winning streak.
Bond prices slipped after a report that said chain store sales rose last week and blamed some of April's weakness on bad weather.
There were equal numbers of advancing issues and decliners on the New York Stock Exchange, with 1,287 up, 1,287 down and 798 unchanged.
NYSE volume totalled 601.30 million shares, the seventh busiest day in the exchange's history. The Standard and Poor's 500 list up nearly 65 points, or 8.5 per cent, over the previous six sessions fell 2.53 to 827.76. The Nasdaq composite index fell 10.95 to 1,328.29.
