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To: Wally Mastroly who wrote (9573)11/1/1999 8:54:00 AM
From: Wally Mastroly  Respond to of 15132
 
Third quarter posts biggest gain since 1995 & the economic week ahead:

NEW YORK - U.S. companies' third-quarter profits rose 22%, the biggest
quarterly gain in more than four years, as consumers bought sport-utility
vehicles, paid more for gasoline and picked up the latest software. With
82% of the Standard & Poor's 500 index companies having reported, the
earnings rise was more than analysts' 20% forecast. Of the 408 companies
reporting, 62% topped estimates. Boeing, General Motors, Microsoft, MCI
WorldCom and other industry leaders had profit gains that exceeded
forecasts, more evidence that the U.S. economic expansion is poised to
become the longest on record in January. Gross domestic product, the value
of all goods and services produced in the U.S., rose 4.8% in the period, the
biggest gain this year.

More details/comments:

usatoday.com

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The week ahead, including Friday employment data:

usatoday.com