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Investor's Business Daily

| May 03, 2005 | COPYRIGHT 2005 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

Manufacturing Growth Slowing

1ISM's national index fell 1.9 points in April to 53.3, the 9th drop in 11 weeks and the lowest since July '03. Economists expected little change. Indexes for orders and jobs also fell to near-2-year lows. The index has held over the boom-bust 50 mark for 23 months, the longest string in 16 years. But it doesn't offer more evidence that the U.S. expansion is slowing. More on this page, A2

Oil Rebounds Back Over $50

2After closing below $50 for the first time in 2 months on Friday -- and trading as low as $49.17 overnight -- near-month crude rallied late to close up $1.20 to $50.92 a barrel. OPEC oil to be shipped in the 4 weeks to May 14 rose by 170,000 barrels a day. For the 2nd straight week, U.S. retail gasoline prices fell 0.1 cent, to $2.235 a gallon. They peaked at $2.321 in mid-April. More on B13

Indexes End Near Session Highs

3Stocks rose early, pulled back and rallied late for modest gains. The Dow rose 0.6%, the S&P 500 0.5%. Small caps led as the S&P 600 gained 1.3% to close above its 200-day average. The Nasdaq added 0.4%. Volume on both exchanges eased ahead of Tuesday's Fed meeting. The 10-year Treasury yield fell to 4.19%. More on this page, B2

Iraq PM Seen Filling Gov't Posts

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