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Investor's Business Daily

| March 02, 2004 | COPYRIGHT 2004 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

ISM Index Signals Factory Hiring

1The key manufacturing gauge fell to 61.4 in Feb. from Jan.'s 20-year high of 63.6. That's the 9th straight month over the boom-bust 50 mark and the 4th above 60. The jobs subindex jumped to 56.3, the highest since Dec. '87. Factories have been cutting jobs each month for years. The prices paid index and supplier deliveries indexes hit their best readings in nine years. More on this page, A2

Stocks Climb In Lower Volume

2 The Nasdaq climbed 1.4%, closing right at its high for the day. The small-cap S&P 600 also closed at its intraday high, and a 52-week high, up 1.7%. The S&P 500 rose 1%, the Dow 0.9%. But lower, below-average Nasdaq and NYSE volume damped the day's gains. Steel stocks fared best, while hospitals tanked. More on this page, B2

Ohio, Fla. Won't Back Disney CEO

3The state public pension funds won't vote to re-elect Michael Eisner as chairman and CEO, saying they want the two roles separated. Disney's annual shareholder meeting is Wednesday; ex-directors Roy Disney and Stanley Gold will hold a dissidents' meeting Tuesday. Over 30% of Disney holders won't vote for Eisner.

U.S., French Troops Land In Haiti

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