Market Report - New York

Most stock indexes rose in New York yesterday as interest rates fell for the sixth straight session in the bond market

Most stock indexes rose in New York yesterday as interest rates fell for the sixth straight session in the bond market. The Dow fell just five points to 7,917 after trimming a 37-point deficit over the final half hour. If not for a big drop by Union Carbide, the blue-chip barometer would have shown a small gain for the day.

Broader stock indicators turned positive around midday, extending several record-setting streaks.

The Nasdaq composite index also set a new high.

With no major economic reports released during the session, trading was dominated by the expiration of futures and options contracts on stocks and stock indexes - a quarterly event known as "triple witching".

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