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IBD'S WEEK IN REVIEW.(THE IBD 100)

Investor's Business Daily

| October 04, 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 Rally Regains Strength

1The Nasdaq surged 2.4% on Friday, capping a solid week in which stocks marched higher in rising volume. Chips helped drive broad gains, as the Philadelphia semiconductor index rallied 5.1% for the week. More top-rated stocks broke out after the market weathered as many as four heavy sell-offs from Sept. 3 to Sept. 22.

Crude Closes Above $50

2Supply fears over unrest in Nigeria drove near-term oil futures to a record close of $50.12, up 48 cents Friday and up $1.24 for the week. Crude fell Wednesday after the Energy Information Agency said U.S. stockpiles rose 3.4 mil barrels last week, ending an 8-week string of declines. Supply disruptions from hurricanes and Mideast violence kept pressure on prices.

Merck Yanks Key Drug

3Shares of the Dow component slid 27% to 33 after Merck halted Vioxx sales on Thursday. It sees the move cutting 50-60 cents off '04 EPS; analysts had seen $3.14. Data showed arthritis pain reliever Vioxx raised heart attack and stroke risks. The withdrawal casts a shadow on a class of drugs called Cox-2 inhibitors. But Pfizer stood by its arthritis drug Celebrex.

Post-Debate Posturing

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