GOOD NEWS-US ECONOMY STRONGER! DONT FIRE ANY MORE PEOPLE!

AMN reported that the U.S. economy grew twice as fast as expected in the first quarter. This helped raise hope among some investors that the declining U.S. economy might come out of this downturn without ever really going into a recession. Yet, there are always those who don't buy into new economic data right away. Some analysts pointed out that this news has a downside ... it might convince the Federal Reserve that there is no more need for aggressive rate cuts to further spur on the economy. Closing figures on Wall Street today reflected the positive news.

GENERAL MARKET INDICES * Dow Jones Industrials ... up 117.70 ... closed at 10,810.05 * Nasdaq Composite ... up 40.95 ... closed at 2,075.83 * S&P 500 ... up 18.55 ... closed at 1,253.07 * Babcox Aftermarket Index ... up 2.85 ... closed at 940.44

NOTABLE INDUSTRY GAINS * SPX ... up $5.31 ... closed at $111.05 * Autoliv ... up $0.99 ... closed at $19.50 * Dura Automotive ... up $0.90 ... closed at $12.98

NOTABLE INDUSTRY LOSSES * Siemens ... down $1.77 ... closed at $108.18 * Johnson Controls ... down $1.24 ... closed at $73.36 * Magna Intl ... down $0.48 ... closed at $52.54