Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: steve harris who wrote (199233)	9/1/2004 12:03:24 AM
From: SilentZ	Respond to of 1572506

>Z could always join with ted and start their own little civil war. John could finance it and Al could be their media representative... Nah, I'm a wuss... I'd just get the heck out of the way. -Z

To: steve harris who wrote (199233)	9/1/2004 1:23:26 PM
From: tejek	Respond to of 1572506

Stocks Rise Above Oil By A. Teymour Golsorkhi Editorial Assistant 9/1/2004 1:01 PM EDT Bulls had the upper hand again Wednesday, erasing early losses and driving stocks higher despite a gain in oil prices and a dip in a key manufacturing barometer. The Dow recently up 8 points, or 0.1%, to 10,181; the S&P 500 was up 2 points at 1107; and the Nasdaq gained 14 points, or 1%, to 1852. Bonds fell early Wednesday, with the 10-year Treasury note dropping 5/32 in price to yield 4.14%. On the economic front, the Institute for Supply Management's manufacturing index fell to 59 in August from 62 in July. Economists expected a reading of 60. The ISM's employment sub-index fell sharply to 55.7. Elsewhere, construction spending for July grew 0.4%, meeting forecasts, after falling by 0.3% in the previous month. "I think people are just trying to reposition themselves to get into certain areas that they think are going to do better going forward for the rest of the year," said Robert Pavlik, portfolio manager at Oaktree Asset Management. "Most importantly, though, people are waiting for the jobs news Friday, what the future holds. That is going to be the key." In New York, Nymex crude for October delivery was recently up $1.53 to $43.65 a barrel, rising for the second time in nine sessions on reports that a pipeline caught fire in northern Iraq near Mosul. Concerns that the blaze might represent sabotage along the key Kirkuk fields reawakened supply concerns, the abatement of which coincided with the start of the current stock market rally. Oil stocks responded to the news, including BP (BP:NYSE - news - research) , up 69 cents, or 1.3%, to $54.39; Royal Dutch/Shell (RD:NYSE - news - research) , up 31 cents, or 0.6%, to $51.00; and ChevronTexaco (CVX:NYSE - news - research), up $1.21, or 1.2% to $98.71. "We're going to have more of the same today as we had in the past two days, which is much lighter than average trading," said Joe Liro, equity strategist at Stone & McCarthy Research Associates. "I didn't put too much weight on yesterday's afternoon rally, which was very much an end-of-the-month phenomenon that came on what is lighter-than-average volume for the end of the month." thestreet.com