NEW YORK (AP) _ The Dow Jones industrial average rose to its sixth straight record high today as another early wave of profit-taking proved fleeting.

Accordijng to preliminary calculations, the Dow gained 52.56 points to end at 8,451.06, continuing a week-long trend of small-to-modest gains that's added just 155 points to the blue-chip barometer.

Broader stock indicators also posted modest gains, with the Standard & Poor's 500 index closing at a record high for the eighth time in 11 sessions.

Technology shares helped lead the advance despite a disappointing profit report late Tuesday from Hewlett-Packard that even included cautionary comments about the economic trouble in Asia, a footnote that might have sent the market sliding only a month ago.

Aside from H-P, the Dow's biggest gainers included Merck, Disney, Exxon, Sears Roebuck, and Procter & Gamble. The Dow, which fell 4 percent over the first six trading days of 1998, is now up nearly 7 percent for the new year and has risen 850 points since Jan. 9, when it plunged 220 points to 7,580.

Overseas, Tokyo's Nikkei stock average fell 1.1 percent, Frankfurt's DAX index rose 0.6 percent and London's FT-SE 100 rose 0.2 percent.

The bond market slipped after rising early in the day when the Labor Department reported that a steep decrease in energy costs pushed prices at the wholesale level down by 0.7 percent in January, the biggest one-month drop in more than four years.

The January decline was even better than the 0.2 percent drop predicted by many analysts and bolstered arguments that the Federal Reserve will feel no need to boost interest rates to slow the economy as a hedge against inflation.