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THE REAL MOST ACTIVE NYSE Stocks Pull Back, But Close Higher.(MAKING MONEY)

Investor's Business Daily

| June 03, 2003 | Shaw, Craig | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: CRAIG SHAW

NYSE stocks pared gains but stayed positive Monday as a key factory index showed a smaller-than-expected decline. The S&P 500 advanced 0.4%, the Dow 0.5% in heavy trade.

Genentech raced ahead 4.12, or 6.6%, to 66.73 on 3 1/2 times normal turnover. The stock surged as much as 14% before closing near the bottom of its intraday range.

The biotech is now up nearly 67% in two weeks after gapping out of its base May 19 on news its drug Avastin improved the survival of cancer patients in a clinical trial. The firm added to those gains Monday after providing details at a weekend conference. It said patients who received Avastin combined with chemotherapy had a 50% increase in their chance of survival vs. patients who received chemotherapy alone.

Marvel Enterprises logged a 52-week high, rising 0.95 to 23.30. The comic-based toy maker and licenser cleared a 3 1/2-week consolidation Friday and closed Monday with 159% year-to-date gains. Profit is seen more than tripling this fiscal year but holding flat the year after.

Coach halved its intraday gain to close up 1.72, or 3.5%, at 50.85, still an all-time high. Merrill Lynch boosted the handbag ...

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