The Dow Jones industrial average edged to another record high but most stocks fell today in cautious trading before the impending flood of quarterly profit reports.

The Dow rose 7.28, to 11,200.98, turning positive with only minutes left in the session. It was the third closing record in four sessions for the Dow, which has now gained more than 2,000 points, or 22 percent, in 1999.

Most broad-market indicators posted small losses on the day.

The Nasdaq composite index fell 2.63, to 2790.44, after flirting with a second straight record high. The Standard & Poor's 500-stock index, which also closed at a new high on Friday, fell 4.18, to 1399.10.

With the flow of reports on the just-ended second quarter beginning in earnest on Tuesday, traders were hesitant to make any big bets. Most stocks traded in narrow ranges as investors waited to see whether profit reports will justify the market's record-setting climb.

"Clearly, a market without conviction and one that is inclined just to wait and see as we get through these second-quarter earnings reports," said Richard E. Cripps, chief market strategist for Legg Mason of Baltimore.

But, he noted, with most economic indicators pointing to continued growth, "market sentiment is still bullish."

General Motors rallied late in the session to lead the Dow higher, rising 2-9/16, to 68-11/16. That helped offset a drop of 1 3/4 to 115 3/8 by General Electric, which posted its results last week. Other sizable Dow gainers included American Express, up 1 3/4 to 135 1/4; International Paper, up 1 3/4 to 53 1/2; Chevron, up 1-11/16 to 98-15/16; and Eastman Kodak, up 1-11/16 to 72-13/16.

On the New York Stock Exchange, Red Roof Inns rose 4 1/4, to 22-9/16 after Accor, the French company that controls the Motel 6 chain, offered to buy Red Roof for $673 million, or $22.75 per share, and about $500 million in assumed debt. Accor said it has a commitment from the Morgan Stanley Real Estate Fund

Among leading Nasdaq technology companies, Sun Microsystems rose 2 1/4, to 75-3/16. Intel, scheduled to release its earnings on Tuesday, retreated 13/16 to 65-7/16.

Caere fell 2-7/8, to 10-7/8, after the scanner software maker warned it will report disappointing profits for the second quarter. Caere, based in Los Gatos, Calif., said weak hardware revenue and weaker-than-expected software sales in Europe led to the shortfall.

Declining issues outnumbered advancing ones by 8 to 7 on the NYSE, where volume totaled 685.4 million shares, up from 613.6 million on Friday.

The NYSE composite index fell 1.89, to 655.79; the American Stock Exchange composite index rose 2.81, to 815.54; and the Russell 2000 index of smaller companies rose 1.32, to 459.30.