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Investor's Business Daily

| December 02, 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

Factory Growth Hit 20-Year High

1The ISM manufacturing index surged 5.8 points to 62.8 in Nov., the fastest pace since Dec. '83 and well above estimates. The new orders and production indexes also reached 20-year peaks. That was enough to turn the jobs index positive, suggesting manufacturers might finally hire again. Factories also ended a long streak of paring inventories. More on this page, A2

Holiday Sales Good, Not Great

2Retail sales rose 5.4% on Friday-Saturday vs. a year earlier to kick off the holiday shopping season. Wal-Mart said sales rose 6.3% on Black Friday vs. the same day a year ago. But same-store sales growth was likely rather meager. Wal-Mart shares fell 2%. Last year, holiday sales started off with a bang, but quickly fizzled. More on this page

Scandal Fells Boeing CEO Condit

3Chairman and CEO Phil Condit quit a week after firing his CFO for ethical violations related to military contracts. The Pentagon may delay an $18 bil military tanker plan deal. Boeing has fallen behind in civilian jets to Airbus, which won a big order from Qantas. Retired Vice Chairman Harry Stonecipher is president and CEO. Lew Platt will be chairman. More on this page

Stocks Start Month With Surge

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