Wall Street managed a tiny gain today, enough to give the Dow Jones industrial average another record close, after the Federal Reserve stoked some fears of inflation pressures but implied that it is not intent on raising interest rates.

Stocks in the United States rebounded today with the Dow Jones industrial average climbing more than 110 points.

Most US stocks closed higher today after Federal Reserve Chairman Alan Greenspan said the economy has weathered the increase in oil prices “reasonably well”.

In the latest move to improve safety in the skies, US airline, United, today became the first major carrier to announce plans to install stun guns in the cockpits of all its planes.