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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (9824)	11/27/2002 10:27:46 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

at 210 lbs, you are not tiny, dont eat too much but be sure to try the razzleberry dressing / jim p.s. 2 inches of gorgeous snow here in Pitt it would look much more beautiful in Boston and NewEngland

To: T L Comiskey who wrote (9824)	11/27/2002 10:28:44 AM
From: stockman_scott	Respond to of 89467

Stocks Jump on Economic Optimism Wednesday November 27, 10:07 am ET NEW YORK (Reuters) - Stocks climbed in early-morning trading on Wednesday as investors applauded lower jobless claims figures and higher personal spending data, anticipating an economic and corporate profit rebound. Total U.S. jobless claims dropped for the second consecutive week to 364,000, their lowest level in nearly two years, said the Labor Department. And personal spending outpaced income growth for the first time since the summer, the Commerce Department said. Investors will scrutinize other economic numbers due later in the session, including a survey of regional economic activity, but trading is likely to be thin ahead of Thursday's Thanksgiving holiday. "Gains are being fueled by better-than-expected economic data and by seasonal factors ahead of tomorrow's holiday," said John Simon, stock index futures analyst at TradeSignals.com, a commodity trading adviser. "When those reports came, they provided further support for buyers." The Dow Jones industrial average (CBOT:^DJI - News) was up 119.71 points, or 1.38 percent, at 8,796.13. The broader Standard & Poor's 500 Index (CBOE:^SPX - News) was up 13.5 points, or 1.48 percent, at 926.81. The technology-laced Nasdaq Composite Index (NasdaqSC:^IXIC - News) was up 30.16 points, or 2.09 percent, at 1,474.59. RETAILERS IN FOCUS Major market gauges had dropped more than 2 percent on Tuesday after disappointing consumer data, but investors on Wednesday are anticipating positive results from retailers in coming days. Friday is one of the busiest U.S. shopping days of the year as consumers get ready for holiday giving. Retailers that were rising included Gap Inc. (NYSE:GPS - News), which advanced 27 cents to $15.22 and Limited Brands (NYSE:LTD - News), which rose 31 cents to $16.51. Computer maker Sun Microsystems (NasdaqNM:SUNW - News) rose 15 cents to $3.91 after its chief financial officer said on Tuesday that the company's fiscal second-quarter revenue will be in line with current analysts' forecasts of $2.92 billion. Eli Lilly & Co. (NYSE:LLY - News) jumped $2.55 to $66.55 after saying on Tuesday it received approval from U.S. regulators for its drug for treating attention deficit hyperactivity disorder, Strattera. Transkaryotic Therapies Inc. (NasdaqNM:TKTX - News) shares tumbled $5.61, or 40 percent, to $8.69 after the company said its Replagal compound for the treatment of kidney disease did not perform as expected in early clinical trials. Other economic figures showed that U.S. consumer sentiment bounced upward in November from October's nine-year low as a firming job market, a stock market rebound and the Federal Reserve interest rate cut lifted American spirits. The University of Michigan's final reading of November consumer sentiment index rose to 84.2, up from 80.6 in October, market sources said. The November rise halted a five-month slide in sentiment, but fell a bit short of forecasts for a reading of 85.5.