Stocks and productivity, up
Posted by Peter W. Schramm
The Nasdaq composite index crossed 2,000 for the first time in nearly two years Wednesday and the Dow Jones industrials approached the 10,000 level as investors eagerly picked up stocks following a strong productivity report. And productivity of U.S. companies rocketed at a 9.4 percent annual rate in the third quarter, the best showing in 20 years, offering an encouraging sign that the economic resurgence will be lasting.
11:06 AM / December 3, 2003
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