WALL Street stocks rose modestly on an abbreviated trading day following the Thanksgiving holiday, lifting the Nasdaq market to its fifth straight high, as interest rates sank to their lowest level since early March in the bond market.

The Dow Jones industrial average rose 22.36 points to close at 6,521.70. Broad-market indexes rose too, with the Standard & Poor's 500 list and the New York Stock Exchange composite index briefly moving into record territory before a late pull-back.

Stocks drew a boost from the bond market, which rallied after two reports that generally reinforced the widespread notion of a moderating economy that may keep inflation under control without an increase in interest rates by the Federal Reserve.