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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (451516)	9/2/2003 8:39:35 AM
From: Hope Praytochange	Respond to of 769667

nytimes.com September 2, 2003 Stocks Seen Up Ahead of Data By REUTERS Filed at 8:13 a.m. ET NEW YORK (Reuters) - Stocks are expected to head slightly higher on Tuesday as investors return from a long holiday weekend looking for positive economic data and good news on corporate profits. ``We're looking at a modestly higher opening,'' said Peter Dunay, chief market strategist at brokerage Wall Street Access. ``But I don't think it's going to rush up as quickly as some people are saying, until we start to see some of next quarter's earnings preannouncements.'' Wall Street is focusing on the Institute for Supply Management's manufacturing gauge, due out at 10 a.m. EDT, which will give an indication of how strongly the manufacturing sector is growing. ``Today's market is going to be very much interested to see if the ISM manufacturing number is going to follow the lead of the Chicago Purchasing Manager's report,'' said Phil Flynn, vice president and senior market analyst with Alaron Trading Corp. ``Last week that report showed some encouraging news for the manufacturing sector and if we can duplicate that report nationwide, it's probably a strong indication that the manufacturing sector has bottomed out and we will see an improvement in new jobs in that sector.'' Equity futures traded higher on Tuesday, above fair value, pointing to a higher open. European shares traded slightly higher, kept in positive ground by strong insurance stocks after a broker upgrade of Swiss Life (SLHn.VX) (RAn.VX), but weak technology stocks capped further gains. Japanese stocks closed at a fresh 14-month high on Tuesday, led by gains in UFJ Holdings Inc (8307.T) and other big banks and large-cap technology shares due to growing optimism over the prospects for the global economy. Among stocks to watch on Tuesday are International Paper (IP.N) after Prudential cut its rating on the company to ``sell'' from ``hold,'' citing weaker paper and paperboard markets, the rising dollar and the stock's price rise. Investment bank Goldman Sachs on Tuesday lifted its rating on No. 1 personal computer maker Dell Inc. (DELL.O).