Terri
01-02-2003, 10:02 PM
GOPUSA News
January 3, 2003
HOUSTON, TX. (GOPUSA News) -- The mood was upbeat at Wall and Broad today as the Dow advanced an impressive 265 points on a favorable report from the Institute for Supply Management.
The tech-heavy NASDAQ advanced a solid 49 points, joined by the broader S&P 500, advancing 29.21 points to close just above 909 points.
The Institute for Supply Management reported a stronger than expected gain in its index of manufacturing business conditions, setting the index at 54.7 points, up from 49.2 points in November. A fifty point index marks a balance between advance and decline in manufacturing activity. The markets had expected a more modest posting of 50.3 points.
Tech shares showed marked advances, with market bellwethers Cisco, Intel, and Hewlett Packard posting solid gains.
Story Location (http://gopusa.com/news/2003/january/0103_market_surge.sh tml)
Good start! I hope it lasts. http://gopusa.com/iB_html/non-cgi/emoticons/twothumbsup.gif
January 3, 2003
HOUSTON, TX. (GOPUSA News) -- The mood was upbeat at Wall and Broad today as the Dow advanced an impressive 265 points on a favorable report from the Institute for Supply Management.
The tech-heavy NASDAQ advanced a solid 49 points, joined by the broader S&P 500, advancing 29.21 points to close just above 909 points.
The Institute for Supply Management reported a stronger than expected gain in its index of manufacturing business conditions, setting the index at 54.7 points, up from 49.2 points in November. A fifty point index marks a balance between advance and decline in manufacturing activity. The markets had expected a more modest posting of 50.3 points.
Tech shares showed marked advances, with market bellwethers Cisco, Intel, and Hewlett Packard posting solid gains.
Story Location (http://gopusa.com/news/2003/january/0103_market_surge.sh tml)
Good start! I hope it lasts. http://gopusa.com/iB_html/non-cgi/emoticons/twothumbsup.gif