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Business News
| MSI: MSI Reaches Pre-9/11 Levels |
| It took sudden surges by out-of-favor stocks
AES Corp. and Corvis to move the Mormon Stock Index finally above its
September 11th level. As a result, the index rose 6.1% last week,
more than double many other indices, to close at 109.20. For the week
AES Corp. rose 22% on good news including the expected sale of an
Illinois power utility, while Corvis jumped nearly 70% after positive
comments about the stock were made at a telecommunication industry
conference. Overall, 28 of the 34 stocks in the index rose while just
6 fell. |
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