US stocks edge up, but bonds soar

  • Business Premium
  • Sunday, 02 Mar 2003

NEW YORK: Stocks ended slightly higher on Friday after renewed concerns about a US war with Iraq halted an early rally and drove investors to buy bonds. 

In the morning, stocks jumped and bonds slipped after the government reported that US gross domestic product grew at an annual rate of 1.4% in the fourth quarter of 2002 – twice the previously reported rate – and above analysts’ forecasts for a 1% gain. 

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