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Investor's Business Daily

| December 01, 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

Bush Defends His Iraq Strategy

1President Bush said Iraq is taking a greater role in policing cities and fighting terrorists but a firm U.S. exit plan may undermine the war. He said both progress and military leaders must drive an Iraq pullout. His speech and a 35-page report didn't sway Democrats. House minority leader Nancy Pelosi backed a call for an exit in 6 months.

Large Caps Fall In Mixed Session

2The Nasdaq gave up mild gains to end flat on higher trade. The S&P 500 and the NYSE composite lost 0.6% and the Dow 0.8%, suffering their 3rd distribution day since Nov. 15. Metal ores, jewelry, consumer electronics and financials slid. But the small-cap S&P 600 rose 0.4%. Chips, genetics and Net software grew. More on this page, B2

Q3 GDP Growth Revised To 4.3%

3The U.S. economy grew at its fastest pace since Q1 '04 despite hurricanes and spiking energy costs. The gov't revised up its GDP estimate from the initial 3.8%. The report's inflation gauges showed slightly smaller gains. Q3 corporate profits fell 3.7% vs. Q2, the worst drop in 4 years. Some economists raised early '06 GDP growth forecasts, but worried about a more aggressive Fed.

Chicago Factory Activity Robust

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