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Stocks Surge On Heavy Volume
1 The Nasdaq led the charge, leaping 2.4% to close just below its 52-week high on volume above Tuesday's level and its 50-day average. The S&P 500 climbed 1.2%, the Dow 1.1% in higher NYSE trade. Contract manufacturer, Internet and fiber-optic stocks grabbed the biggest gains. Few leaders fell in higher volume, while several vaulted to new highs. More on this page, B2
U.S. Troops Seen In Liberia Soon
2President Bush will send U.S. troops to the violence-torn country founded by freed U.S. slaves, TV networks reported. But the peacekeeping force's size and other details haven't been set, they said. MSNBC said Liberian President Charles Taylor would have to step down first. Bush said only that he is "exploring all options." Next week he'll visit Africa, but not Liberia.
Profit Warnings At Usual Levels
3 Despite skepticism about the market rally, the ratio of negative-to-positive profit preannouncements is normal, said Thomson/First Call. Tech warnings are running below the overall market ratio, a sign that tech spending may be improving. Wall Street will pay close attention to what firms say about the 2nd half. More on this page
Israel Cedes Bethlehem Control