Around the World's Markets: New York

THE DOW JONES Industrial Average advanced 95.62, or 0.9

per cent, to 11,066.42, its first close above 11,000 since 13 May and its fifth gain in succession. The Standard & Poor's 500 Index and Nasdaq Composite Index set records for a second day, with the S&P 500 rising 8.07, or 0.6 per cent, to 1380.78, and the Nasdaq adding 20.09, or 0.8 per cent, to 2706.21. The stocks, led by semiconductor and drug shares, rose for a fourth day on fresh signs of the economy growing; manufacturing reached its highest level since July 1997.