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Investor's Business Daily

| November 02, 2001 | COPYRIGHT 2001 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

NAPM Index Plummeted In Oct.

1Manufacturing activity slid for the 15th straight month. The National Association of Purchasing Management's index of factory activity plunged to 39.8 from 47 in Sept. Analysts expected 44.5. A reading above 50 signifies growth, below 50 contraction. Of the 20 industries tracked, none reported growth. The new orders index dropped 12 points to 38.3. More on this page

Microsoft, Justice In Settlement

2The Justice Department is trying to sell the tentative deal to 18 states that joined the antitrust case. Critics say the deal is a slap on the wrist for Microsoft's abuse of its monopoly. The deal would give PC makers wider latitude to load non-Microsoft software. Microsoft would offer less-bundled versions of Windows. The case faces a Friday settlement deadline. More on this page

White-Hot Bond Rally Still Rolling

3The 30-year Treasury bond soared another 1 1/8 points on top of Wednesday's historic 5-point surge. The yield has crashed 41 basis points in two days to 4.80%, a record low. Institutions have scrambled for long bonds since the Treasury said it would no longer issue them. Lower yields should mean cheaper financing for businesses and consumers. Related story on A18

Major Stock Indexes End Ahead

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