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IBD's Week In Review.(THE IBD 100)

Investor's Business Daily

| June 01, 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

Stock Market Confirms Attempted Rally

1The tech-heavy Nasdaq and small-cap S&P 600 followed through Tuesday, each surging more than 2% in heavier volume than the day before. Volume was slightly below average on the Nasdaq, although small caps showed above-average trading. Many top-rated stocks broke out and worked higher during the week.

Oil Pulls Back From High

2July Nymex crude rebounded $1.79 to $41.72 a barrel May 24, a closing high. But crude retreated most of the week, despite no change in U.S. crude stocks and a surprising decline in the gasoline supply. By Thursday, New York oil fell below $40. Short covering boosted prices Friday ahead of the holiday weekend as crude closed at $39.88.

Bush Details Iraq Transfer

3 President Bush told Americans May 24 that he has a plan for the June 30 handover of sovereignty and beyond. The U.S. and U.K. proposed a U.N. resolution endorsing the transfer and giving U.S.-led forces wide security powers. Anti-war allies want more Iraqi power. Iyad Allawi, former member of Saddam's Baath party who worked with the CIA to topple him, was nominated prime minister Friday.

Iraq Militia Seeks Truce

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