Dow, S&P 500, Nasdaq Close at Record Highs

Meanwhile, Liquid Audio made a stunning trading debut.
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Stocks ended the week on a solid note as the

Dow Jones Industrial Average

, the

S&P 500

and

Nasdaq Composite Index

all closed at record highs, while

Liquid Audio

(LQID)

made a stunning trading debut.

Liquid Audio, an Interent music concern, was up 21 9/16, or 143.7%, to 36 9/16, in its first day of trading. Its 4.2 million-share IPO was priced yesterday by

Lehman Brothers

at $15 a share.

Market participants are looking ahead to the slew of earnings reports set for release next week. Also next week, two key economic reports are slated to be released: the

Producer Price Index

and the

Consumer Price Index

.

Computer stocks again made a sharp advance today. The

Philadelphia Stock Exchange Computer Box Maker Index

jumped 2.8%.

Forest and paper product stocks were higher. The

Philadelphia Stock Exchange Forest & Paper Products Index

surged 2.2%.

On the

New York Stock Exchange

, advancers beat decliners 1,804 to 1,127 on 703.1 million shares. On the

Nasdaq Stock Market

, winners beat losers 2,173 to 1,758 on 919.8 million shares.

On the NYSE, 113 issues set new 52-week highs while 52 touched new lows. On the Nasdaq, 180 issues set new 52 week highs while new lows totaled 33.

On the Big Board,

Compaq

(CPQ)

was most active, with 21.9 million shares changing hands. It was up 1 to 26 3/4.

On the Nasdaq,

Dell

(DELL) - Get Report

was most active, with 46.4 million shares changing hands. It was up 2 7/8, or 7.2%, to 42 13/16. Dell was named today to

Goldman Sachs'

recommended list for private clients.

Market data above are preliminary. Updated numbers and analysis will follow in the Market Roundup

Earlier...

3:00 p.m.: Nasdaq Clings to Record Territory

As the week winds down, major market averages were slightly higher as the

Nasdaq Composite Index

again was trading in record territory.

1:58 p.m.: Stocks Modestly Higher as Bonds Cling to Slight Gains

Stocks were slightly higher this afternoon while the 30-year Treasury bond was slightly higher.

1:14 p.m.: Midday Musings: Stocks Float Higher as the Wind Whispers Weekend

11:54 a.m.: Stocks Cling to Modest Gains in Range Trading

Stocks were a bit higher late this morning while the 30-year Treasury bond's yield continued to hold below the 6% level.

11:05 a.m.: Nasdaq Slips Into Negative Territory

Major market averages were mostly higher at midmorning as the 30-year Treasury bond faded from its highs, while the

Nasdaq Composite Index

recently slipped into the red.

10:01 a.m.: Jump in Tech Sector Gives Stocks an Early Boost

Stocks were higher early on, led by technology stocks as the 30-year Treasury bond advanced.