Optimism boosts US stocks

Better-than-expected profits from Motorola lifted Wall Street higher today as investors grew more optimistic that third-quarter earnings in general will be strong. The Dow Jones industrials rose nearly 90 points to a 16-month high.

Optimism boosts US stocks
Mon, 13 Oct, 2003 - 22:49

Better-than-expected profits from Motorola lifted Wall Street higher today as investors grew more optimistic that third-quarter earnings in general will be strong. The Dow Jones industrials rose nearly 90 points to a 16-month high.

Trading was light as the bond market was closed for Columbus Day and Japan’s financial markets were closed for a national holiday.

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CourtsHeathrowPlace: USPlace: Wall StreetPlace: JapanPlace: New YorkPlace: MinneapolisPerson: Peter DunayPerson: Mark DonahoePerson: DunayPerson: Merrill LynchEvent: Columbus DayOrganisation: MotorolaOrganisation: Wall Street AccessOrganisation: DowOrganisation: NasdaqOrganisation: Motorola Inc.Organisation: US BancorpOrganisation: Piper JaffrayOrganisation: Lehman BrothersOrganisation: Honeywell International Inc.Organisation: Silent Witness Enterprises Ltd.Organisation: FedEx Corp.Organisation: Computer Associates International Inc.Organisation: eBay Inc.Organisation: CitigroupOrganisation: Smith BarneyOrganisation: New York Stock Exchange
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