To: Kenneth E. Phillipps who wrote (476069 ) 10/15/2003 10:12:58 AM From: Hope Praytochange Read Replies (1) | Respond to of 769667 Stocks Open Higher After Intel and Retail Sales By REUTERS Filed at 9:36 a.m. ET NEW YORK (Reuters) - NEW YORK (Reuters) - U.S. stocks opened higher Wednesday, extending Tuesday's highs for the year, as investors welcomed strong results from chipmaker Intel Corp. and others and looked on the bright side of retail sales numbers. The Dow Jones industrial average opened up 28.96 points, or 0.3 percent, at 9,841.94. The broader Standard & Poor's 500 Index opened up 3.66 points, or 0.35 percent, at 1,053.14. The technology-laced Nasdaq Composite Index opened up 22.43 points, or 1.15 percent, at 1,965.62. Stocks rose to fresh highs for the year on Tuesday after companies like drug maker Johnson & Johnson (JNJ.N) reported solid profits, but concerns that robust earnings are already factored into the market kept a lid on gains. Stock futures were trading higher on Wednesday, with Nasdaq 100 and Standard & Poor's 500 futures above fair value, pointing to a higher open, while Dow Jones industrials futures were trading below fair value, pointing to a slightly lower open. Along with earnings, investors are also closely watching for signs that the economy is recovering robustly, with retail sales -- a key measure of the strength of the consumer -- due at 8:30 a.m. In overseas markets, European stocks rose as chipmakers were cheered by Intel's numbers, but Japan's broad TOPIX index ended down as investors sold shares at the top of a recent rally to 16-month highs. Stocks to watch on Wednesday include Intel, the world's biggest chipmaker, after its strong rise in profit, and FleetBoston Financial Corp. (FBF.N), the No. 7 U.S. bank, which on Wednesday said quarterly profit rose 17 percent, more than analysts expected. On Tuesday, the tech-dominated Nasdaq Composite Index (.IXIC) rose 9.66 points, or 0.50 percent, to 1,943.19, hitting its highest close since Jan. 28, 2002. The blue-chip Dow Jones industrials (.DJI) advanced 48.60 points, or 0.50 percent, to close at 9,812.98, its highest close since May 31, 2002. The broad Standard & Poor's 500 (.SPX) was up 4.13 points, or 0.40 percent, at 1,049.48, ending at its best level since June 5, 2002.