Stock Prices Edge Higher; Trading Heavy
NBW YORK, May 10ÛÓ'The stock market edged higher today, toppling more records. Blit some analysts said the marketÛªs momentum was beginning to slow.</br></br>The Dow Jones average of JO industrials, down 4.36 points Monday, rose 1.45 points to 1,229.68. The average, which had been up 6 points earlier in the day, finished below the 1,232.59 record close Friday.</br></br>Several broader indicators set records. 'The composite index of New York Stock Exchange common stocks rose .15 point to 95.50. At the American Stock Exchange, the market value index was up 4.61 points to 448.98. The Nasdaq composite index for the over-the-counter market closed at 304.34, up 1.69 points.</br></br>Monte Gordon, director of research at Dreyfus Corp., said the stock market appeared to be laboring following the rally that has lifted the Dow Jones industrials nearly 60 percent in nine months.</br></br>ÛÏThe market is beginning to show some signs of wear and tear,Û Gordon said, referring to the erratic, choppy trading of the past two sessions.