WALL Street stocks shot higher yesterday in reaction to strong earnings reports. The Dow Jones average of 30 industrials was up 60.33 at the close at 5,184.68.
Despite the strength in the Dow average, advances barely led declines on the New York Stock Exchange. Broad market indexes also rose.
Advances led declines by about 6 to 5 on the New York Stock Exchange, with 1,335 up, 1,054 down and 721 unchanged.
Big Board volume totalled 496.95 million shares, against 449.89 million on Thursday.
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The NYSE's composite index rose 1.71 to 327.86. The Standard and Poor's 500 stock index rose 3.59 to 611.83.
At the American Stock Exchange, the market value index rose 1.57 to 530.62.
