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Investor's Business Daily

| November 05, 2002 | COPYRIGHT 2002 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

Techs Lead Stocks Higher Again

1The Nasdaq surged 2.6% on sharply heavier volume. It was up as much as 4.4% until the last hour of trade. Internet, software, networking and chip stocks all paced the rally. The S&P 500 gained 0.8%, the Dow 0.6% as NYSE volume also soared. Cable TV, airline, genetics and leisure services advanced. Small caps rallied for smaller gains. More on this page, B2

Bush Targets The Midterm Curse

2President Bush made a final dash through four states, trying to ward off the traditional curse that tips midterm elections against the president's party. With both houses of Congress at stake, the outcome of today's vote will play a huge role on the fate of both parties' agendas on taxes and other issues. See related story on this page

Factory Orders Fell 2.3% In Sept.

3But that was less than the 3% decline economists had forecast. And excluding volatile transportation orders, new orders for factory goods climbed 0.6%. Year over year, factory orders climbed 3.5% due to easy comparisons. Capital goods orders slid again month-to-month, but remained positive year over year. See Vital Signs on A2

Layoffs Surged 151% In October

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