16 Apr 2004 Good Economic News Fails to Excite Investors, So Far
Posted at 16:47h
in The Friday Brief
Corporate earnings for the first quarter of 2004 released to date suggest a favorable trend is developing. As of today, 242 companies of the Dow Jones US Total Market Index have reported and are up and average of 28%. This total represents less than 15% of 1,632 stocks in the index, but if the trend continues, first quarter 2004 results will compare well with the 24% average gain of S&P 500 fourth quarter 2003 earnings.