Yahoo led a general climb in Net stocks, surging 22 percent on optimism over upcoming first-quarter earnings and its recently announced acquisition of Broadcast.com. America Online too leapt on news that the leading ISP has been in talks to acquire CBS. In general, U.S. stocks rose to records after a report showed the economy is growing steadily with little inflation, leaving room for share prices to climb. The Dow Jones Industrial Average closed above 10,000 for the second time in a week, while the Nasdaq Composite Index rose to a record for the first time in two months and the Standard & Poor's 500 Index also reached an all-time high.
AOL rides high on rumor mill
Shares of America Online jump amid a surge in Internet stocks and reports that the online giant has been in talks to acquire CBS.
Yahoo takes off, gains 22 percent
Market closes at record-breaking high