Economy hopes help Dow advance

Wall Street extended its advance into a sixth straight week today after a brokerage upgrade of IBM raised investor expectations of a rebounding economy. The Nasdaq composite reached an 18-month high.

Economy hopes help Dow advance
Mon, 08 Sep, 2003 - 22:45

Wall Street extended its advance into a sixth straight week today after a brokerage upgrade of IBM raised investor expectations of a rebounding economy. The Nasdaq composite reached an 18-month high.

“What’s driving things today is you’re continuing to see upgrades and better earnings out of technology from companies such as IBM,” said Russ Koesterich, US equity strategist at State Street Corp. in Boston.

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CourtsHeathrowPlace: USPlace: BostonPlace: JapanPlace: EuropePlace: FrancePlace: BritainPlace: GermanyPerson: Russ KoesterichPerson: KoesterichPerson: Ed PetersOrganisation: DowOrganisation: Wall StreetOrganisation: IBMOrganisation: NasdaqOrganisation: State Street Corp.Organisation: Dow JonesOrganisation: International Business Machines Corp.Organisation: Credit Suisse First BostonOrganisation: Labour DepartmentOrganisation: PanAgora Asset Management Inc.Organisation: RF Micro Devices Inc.Organisation: Goldman Sachs & Co.Organisation: Lehman Brothers Holdings Inc.Organisation: Merrill Lynch & Co.Organisation: GoldmanOrganisation: LehmanOrganisation: Wal-Mart Stores Inc.Organisation: Sanford C. Bernstein & Co.Organisation: New York Stock Exchange
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