THE MARKETS

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Dow Jones industrial average rose 70.90 points, closing at 3,846.73 . . . N.Y.S.E.'s composite index up 2.17 to 258.61 . . . NASDAQ stock gained 3.57 to 751.55 . . . American Stock Exchange up 1.70 to 447.98 . . . Gold gained $0.20 to $377.50 on the Commodity Exchange in New York . . . The 30-year Treasury bond closed with a yield of 7.40 percent, up from 7.38 late Wednesday.