Stocks Higher in Early Trading
Dec. 05, 2001
NEW YORK (AP) _ Stock prices were higher in early Wall Street trading Wednesday. The Dow Jones industrial average was up 44 points. On the New York Stock Exchange, advancers held a 3 to 1 advantage over decliners.
The Nasdaq composite index gained 29 points, and the Standard & Poor's 500 Stock Index was up 6.
The Nasdaq started the session from its highest level since mid-August following a technology-led rally Tuesday.
In corporate news, Ford has announced that it expects a greater fourth-quarter loss than previously forecast.
And AOL Time Warner chief executive Jerry Levin announced his retirement, effective next May.
There were no major economic reports due to be released Wednesday.
Stocks posted gains in overseas trading. Tokyo's Nikkei Stock Average soared 2.5 percent.