WALL Street stocks marched to broad records as investors, convinced that the economy will continue to grow moderately without a surge in interest rates or inflation, flooded the market with sell orders.
The Dow Jones industrial average was up 92.49 at the close at 5608.46, recouping all it had lost in a four-day sell-off. Broad-based buying of blue chip and more speculative issues sent the entire market sharply higher.
Nasdaq and American Stock Exchange indexes, both heavy in computer issues, broke through records set on Wednesday.
Stocks were helped higher by the bond market, where the 30-year Treasury bond was up 1/4 point and yielding 6.35 per cent.
Bonds rose after the labour department said unemployment claims rose by 5,000 last week.
The Nasdaq composite index rose 19.55 to 1116.40. At the American Stock Exchange, the market value index rose 5.06 to 570.16.
