Around the World's Markets: New York

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The Independent Online
THE NASDAQ composite index closed above 3,000 for the first time, climbing 1.6 per cent to end at 3,028.5 as technology stocks continued to roar higher.

The blue-chip Dow Jones rose 27.2 to 10,609.1, boosted by the news that drug giants AHP and Warner-Lambert were in merger talks that could lead to a $65bn deal. The benchmark long bond gained $132 to yield 6.14 per cent. Traders said some investors were still cautious ahead of key payroll figures due tomorrow.

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