The good companies are coming through with better-than-expected results.
Apple said a brisk back-to-school season was a major force behind the better-than-expected results.
Amazon.com posted slightly better-than-expected financial results yesterday, as its operations continued to stabilize.
News of the cuts came as Nokia announced better-than-expected third-quarter results.
Morton International's stock plunged more than $10, despite the company's better-than-expected third-quarter results.
United Airlines reported better-than-expected second-quarter results, further evidence of an industry turnaround.
"I am a little shocked," he said of the better-than-expected results.
The better-than-expected results helped to lift Goldman's stock price during early trading.
Yesterday, the big Internet portal announced better-than-expected financial results for the fourth quarter of 2002.
The better-than-expected results gave the shares some fizz, adding 10p to close at 536p.