Well, let's add another upbeat news item from Briefing.com.
<13:30 ET Dow +150, Nasdaq +49, S&P +17.44: [BRIEFING.COM] Major indices hold tight to the afternoon's trading range as buyers remain persistent in their efforts... Growth-oriented sectors such as tech, biotech, brokerage, retail, auto, and airline are among today's best performing groups, and speak to the market's expectation of strong economic activity in the second half of the year... US Treasury Secretary John Snow has said that he expects the economy to expand 'well over 3%' in 2H03 in a confirmation of most economists' forecasts... Strikingly, a group that has trailed the broader market has been the oil service stocks... Fulcrum downgraded a whole host of names (see Briefing.com's Upgrades/Downgrades page for the full list) for, among other reasons, sluggish oil demand that is likely to lead to lower oil prices.... NYSE Adv/Dec 2150/1075... Nasdaq Adv/Dec 2168/949.>
Don |
