21 November 2003, 09:05  Wall St mixed after Istanbul attack

Leading Wall St shares were mixed in early trading amid investor concerns following terrorist attacks in Turkey. By mid-morning, the Dow Jones was down 29.78 points to 9,660.68 while the Nasdaq rose by 3.53 points to 1,903.18. Shares dipped at the open after the bombings in Turkey, which have been attributed to al-Qaeda, raised security concerns across the globe. However, losses were limited with investors looking to return to the market after a string off losses over the past week and following a report showing a fall in the number claiming jobless benefits, increasing hopes of a recovery in the labour market.
In a separate report, the Conference Board said its leading economic indicators rose 0.4pc in October, adding to evidence that the US economy will strengthen over the coming months. Both the Dow and Nasdaq were buoyed by an upbeat report and forecast from Hewlett-Packard, whose shares rose 2pc after it reported that net income more than doubled in the quarter to October and revenue rose 10pc. The computer giant also said that, while there was little sign of a major pickup in corporate demand for technology, it was raising its sales forecast for the current quarter.//www.fxcentre.com

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