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Investor's Business Daily

| September 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

Consumer Confidence Falters

1The consumer confidence index fell to 98.2 in Aug., down 7.5 points from July's 2-year-high 105.7. Concerns about jobs and oil prices drove the larger-than-expected decline, the Conference Board said. The present situation index fell 5.7 points to 100.7. The expectations index slid 8.7 points to 96.6. More on this page, A2

Chicago Factory Growth Slows

2The Chicago purchasers index fell a surprising 7.4 points to 57.3 in Aug., still over the boom-bust 50 line. New orders, output and backlog also showed slower growth. The prices paid index jumped 10 points to a 16-year-high 86.6. The jobs index, which fell to a 1-year low in July, bounced back 5.5 points to 51.1. ISM's U.S. manufacturing report is due Wednesday. More on this page

Stocks Rally, Close Near Highs

3 The Nasdaq fell as much as 1% on gloom about Intel and weak economic data. But at the close, the Dow, S&P 500 and small-cap S&P 600 gained 0.5%, the Nasdaq 0.1%. Volume ended higher, but still below average. Treasuries rallied, pushing the 10-year note yield down 6 basis points to 4.12%, its lowest since April 1. More on this page, B2

Attack On 2 Israeli Buses Kills 16

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