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THE REAL MOST ACTIVE Nasdaq Up 0.2%, Extending Last Week's Gains.(B)

Investor's Business Daily

| June 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

Byline: NANCY GONDO

The Nasdaq composite closed just shy of its intraday high Tuesday to gain 0.2% on higher volume. The tech-heavy Nasdaq 100 also advanced 0.2%. Internet content and service providers were among the top performing industry groups.

Sina jumped 3.74, or 10%, to 39.96 on triple normal trade, closing above its 50-day moving average for the first time in over a month. The Chinese Web portal scored triple-digit sales growth the past five quarters, though that's expected to slow the next four quarters. Among others in the Internet-Content group, Ask Jeeves rose 2.58 to 42.98, Travelzoo 0.50 to 23.06 and Yahoo 1.82 to a three-year high of 32.48, all on above-average volume.

United Natural Foods gained 1.38 to 26.67 on its biggest turnover this year, as more than 1.5 million shares changed hands. The natural foods distributor earned 22 cents a share in its fiscal third quarter, up 38% from last year and 2 cents above forecasts. It expects 74-77 cents a share for the full year, up from the 73-77 cents it saw earlier.

Nordson advanced 1.35 to a new high of 39.20, clearing a ...

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