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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: PCSS who wrote (2283)	11/21/2002 10:03:24 AM
From: Night Writer	Respond to of 4345

Stocks Rally on HP Earnings NEW YORK, Nov 21, 2002 (AP Online via COMTEX) -- Stock prices started higher on Wall Street Thursday. The Dow Jones industrial average was ahead 50. Gainers outnumbered losers by about 3 to 1 on the New York Stock Exchange. The Nasdaq Composite Index was up 14 and the Standard & Poor's 500 Stock Index has added five points. A reassuring earnings report from Hewlett-Packard is helping set the early tone for Thursday's market action, as is a positive report on the labor market. HP shares jumped 10 percent in after-hours trading after the computer company posted better-than-expected profits. The Labor Department, meantime, reported Thursday morning that first-time claims for jobless benefits tumbled last week to a four-month low. Still to come, the Leading Economic Indicators from the Conference Board in the coming hour. Investors were paying little mind to General Electric's announcement that it's lowering profits forecasts for the fourth quarter and for next year. That's because the news essentially confirms speculation from earlier in the week. Copyright 2002 Associated Press, All rights reserved -0-