Byline: RICK GLADSTONE Associated Press -
NEW YORK The Dow Jones industrial average sprinted to within 31 points of 5,000 Thursday, an advance underscoring the investor ebullience that has pushed the best-known stock index up nearly 30 percent this year.
It was the 59th record close of 1995 and came one day after the average of 30 big-name stocks like GM, GE and IBM vaulted past 4,900 for the first time even in the face of budget gridlock, government shutdown and new signs of economic malaise that were considered bad news everywhere but Wall Street.
The average traversed 4,000 only nine months ago and has risen nearly 1,200 points since January. …
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