To: American Spirit who wrote (457855 ) 9/12/2003 3:51:14 PM From: Hope Praytochange Respond to of 769670 Stocks Back in Positive Territory By REUTERS Filed at 3:23 p.m. ET NEW YORK (Reuters) - Stocks rose into positive territory on Friday afternoon as investors regained confidence that the economy and corporate profits would improve despite weak economic reports and lackluster licensing news from tech heavyweight Oracle Corp.The market opened sharply lower after Oracle's results failed to offer clear evidence of a recovery and a government report showed retail sales grew less than expected. Stocks regained their upward momentum in mid-afternoon, pushing into positive territory for the first time in the session. ``There's been no news, but the major trend has been up,'' said Peter Dunay, chief market and options strategist at Wall Street Access. ``Generally the economic data hasn't been terrible, and people still want to be long. People still want to push the market higher.'' The Dow Jones industrial average (.DJI) was up 12.14 points, or 0.13 percent, at 9,471.90. The broader Standard & Poor's 500 Index (.SPX) was up 1.09 points, or 0.11 percent, at 1,017.51. The technology-laced Nasdaq Composite Indexwas up 3.8 points, or 0.21 percent, at 1,849.89 after falling more than 1 percent earlier in the day. Stocks have run sharply higher in recent months in a rally fueled by expectations for an economic rebound in coming months. Oracle, the world's second-largest software company, posted a 28 percent jump in quarterly profit, but a surprise 7 percent decline in new license sales disappointed investors. Oracle also said it sees a modest uptick in its current-quarter revenues but new license sales could continue to drag. Oracle shares fell 48 cents, or 4 percent, to $12.50.