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Investor's Business Daily

| July 01, 2003 | 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

Strong Quarter Ends For Market

1 The Nasdaq ran up 21%, the S&P 500 15% and the Dow 12% for the quarter after the market bottomed on March 12. A variety of techs, biotechs, medical stocks and other sectors led the charge. Monday's action didn't dent the rally, as all of the major indexes fell less than 0.2%, though on higher volume. The top-ranked Internet-Content group leapt 3.2%. More on this page, B2

Chicago Factory Activity Rises

2The Chicago purchasers' index rose to 52.5 in June from 52.2, its 2nd straight month above the break-even 50 mark. That was basically in line with estimates. It's the latest in a series of regional reports showing manufacturing growth last month. But the New York-NAPM index fell to its lowest level in its 10-year history. The national ISM index is due out today. See Vital Signs on A2

Investors Get Options Plans Vote

3The SEC ordered U.S.-listed firms to start submitting many stock-based pay plans to shareholder votes. It OK'd proposals by the NYSE and Nasdaq. Executives have been able to get millions of dollars via stock-option plans without holder approval. Critics say that led to abuses like those seen at Enron, WorldCom and other firms.

U.S. Detains 180 Iraqis In Sweep

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