American Express led the Dow above 10,300 for the first time; it rose 165.67 points, or 1.6 per cent, to 10,339.51, rebounding from a 77-point drop. The S&P 500 climbed 0.8 per cent to a record 1,358.64. Even the hi-tech Nasdaq Composite gained 0.2 per cent to a record 2,598.74 after falling 66 points.
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STOCKS rose to record levels on optimism for corporate profits amid low interest rates and tame inflation, shrugging off Friday's earnings warning from Compaq.