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

To: American Spirit who wrote (472667)	10/8/2003 12:45:06 AM
From: FastC6	Respond to of 769667

stfu, spitup

To: American Spirit who wrote (472667)	10/9/2003 10:36:43 AM
From: Hope Praytochange	Respond to of 769667

Dow Up 81, Nasdaq Ahead 24 By THE ASSOCIATED PRESS Filed at 10:09 a.m. ET NEW YORK (AP) -- Investors pleased by upbeat earnings from Genentech and Yahoo! sent stocks sharply higher Thursday. A Labor Department report suggesting the pace of layoffs has slowed added to the market's good mood. In early trading, the Dow Jones industrial average was up 81.41, or 0.9 percent, at 9,712.31. The broader markets were also higher. The Nasdaq composite index rose 24.49 points, or 1.3 percent, to 1,918.27. The Standard & Poor's 500 index rose 8.94, or 0.9 percent, to 1,042.72. The market got a lift from the Labor Department's report that new claims for unemployment insurance fell last week to their lowest level in eight months. Analysts said a decline in the pace of layoffs could signal companies are a bit more hopeful about the staying power of the economic recovery. But investors were also focused on third-quarter earnings reports, looking for solid evidence the economy is improving. Trading volume has been light as many investors wait for the bulk of the reports, expected over the next two weeks. In results issued after the market closed Wednesday, biotechnology company Genentech Inc. and Internet search engine Yahoo each reported strong earnings, beating analyst expectations. Genentech saw a 70 percent jump in profits on strong sales of two blockbuster cancer-fighting drugs and a one-time legal settlement. The company's results beat analyst expectations by 2 cents a share. In early trading Thursday, Genentech was up 70 cents at $79.45. Yahoo doubled its earnings with strong revenue from advertising sales, and beat Wall Street forecasts by a penny a share. Yahoo was up $2.82, or 7.3 percent, at $41.61. Wal-Mart Stores Inc. rose 73 cents, or 1.3 percent, at $59.25, after the retailer reported sales at U.S. stores open at least a year rose 6 percent last month, beating its own expectations and analyst estimates. Computer Associates International Inc. was down $2.10, or 7.3 percent at $26.86 on news that the firm had fired three top financial executives in the midst of a government accounting probe. An inquiry by the company's audit committee found the three had inappropriately recognized sales in advance of signed contracts. Overseas, Japan's Nikkei stock average finished 0.1 percent lower Monday. In afternoon trading in Europe, France's CAC-40 advanced 1.8 percent, Britain's FTSE 100 rose 1 percent and Germany's DAX index gained 2.2 percent. ^-------- On the Net: New York Stock Exchange: nyse.com