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U.S. stocks down 2 NEW YORK
Published in Saudi Press Agency on 03 - 08 - 2004


than-expected quarterly loss.
Tyco International Ltd. reported a 63 percent increase in quarterly profit that beat Wall Street expectations. Shares of the conglomerate rose 69 cents, or 2.2 percent, to $31.93.
ConocoPhillips' stock rose 63 cents to $79.53, slipping from an earlier high of $79.93. Shares of ChevronTexaco jumped $1.77 to $98.25, while Exxon Mobil rose 53 cents to $46.78.
The S&P oil and gas producers index hit 262.99 on Tuesday, surpassing its life-time high.
Traders said that while oil is a concern, all eyes were on the U.S. employment data due out on Friday. Economists expect July nonfarm payrolls -- a key measure of the economy's strength -- to rise by 228,000 jobs after June's gain of 112,000.


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