Sun, Aug 17, 2003 - Page 10 News List

Wall Street throws its lot in with `cyclical' stocks

AP , NEW YORK

"Stock markets have rallied since the low point in March, and you have a lot of good news built in," said Chris Wolfe, equity market strategist for J.P. Morgan Private Bank. "A lot now hinges on how the third-quarter earnings season shapes up."

The Dow ended the week up 130.60, closing Friday at 9,321.69.

The NASDAQ composite index had a weekly advance of 57.98, finishing at 1,702.01 on Friday. The Standard & Poor's 500 had a weekly gain of 13.08, closing at 990.67.

For the week, the Russell 2000 index, the barometer of smaller company stocks, rose 17.98, closing at 471.92.

The Wilshire 5000 Total Market Index, which tracks more than 5,700 US-based companies, ended the week at 9,547.51, up 154.78 from the previous week. A year ago, the index was at 8,770.28.

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