The Dow climbed 118.21 points, or 1.2 per cent, to 9,997.62. The Standard & Poor's 500 index rose 18.73 points, 1.4 per cent, to a record 1,316.55. The Nasdaq index climbed 33.99 points, 1.4 per cent, to 2,462.96. Fifteen stocks advanced for every 13 that fell on the New York Stock Exchange.
US STOCKS rose and the Dow Jones index closed within three points of the 10,000 mark. The market rallied after a report showed that inflation remains tame as the economy booms. Philip Morris led the gains.