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CNN/ propertyWeb Home Markets & Stocks ADRs AM Market Call Bonds & pass judgment Commodities Currencies Dow 30 Earnings Earnings Warnings Hot Stocks Investor Research Center IPO Center Most Active Stocks PM Market Call U.S. Stocks Wall bridle-path Research Widely Helds World Markets Track Your Stocks Real Time Quotes Company News Economy World Biz Technology Commentary Personal payMutual Funds Money Magazine Money 101PortfolioCalculatorsReal-time QuotesCNN/MoneyEmail give-and-takelettersMobile newsMoney archivesBuy taradiddle reprintsCNNfnon TV Web videoBuy show videosSPECIAL OFFER--AAABAEAKALAPARASAZBCCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMBMDMEMIMNMOMPMSMTNBNCNDNENFNHNJNMNVNSNTNYONOHOKORPAPEPRQCRISCSDSKTNTXUTVAVIVTWAWIWVWYYT Please do not contact me via e-mail with offers from Time Inc, and CNN/Money Get 11 more(prenominal) issues, totaling 12 for $19.95, if you like MONEY. Or cancel and owe nothing MONEY is published monthly, except for two issues combined sporadically in to one and occasional extra, expanded, or premium issues. Combined, expanded, and premium issues count as two subscription issues. Rate good in U.S. only. In Canada, 12 issues/$37.00, not including GST, HST, and QST. Subscribers If the come in Office alerts us that your magazine is undeliverable, we have no further obligation unless we receive a corrected address within two years. To read our hiding Policy, go to http//money.cnn.com/services/privacy/I agree to the offer details above. 12 issues for $19.95. Privacy PolicyMarkets & Stocks Stocks rally on optimism Investors encouraged by some dictatorial earnings reports as economy at home takes center stage.April 14, 2003 138 PM EDT By Meghan Collins and Malina Poshtova Zang, CNN/Money faculty WritersNEW YORK (CNN/Money) - Stocks rallied into early afternoon trading Monday as investors saw some hope for corporate growth and the economy after a few positive profit reports. Shortly after 130 a.m. ET the Dow Jones industrial avera ge (up 105.32 to 8308.73, Charts), the Nasdaq composite (up 19.98 to 1378.83, Charts) and the S&P 500 index (up 11.60 to 879.90, Charts) all rallied to gains of more than 1 percent. Only two of the 30 Dow stocks traded lower. "I think theres a little bit of optimism here today -- you can take one marrow off Iraq and start to focus more on the economy and earnings," said James Park, senior trader at Brean Murray & Co. With the war in Iraq de facto over, investors increasingly shifted their focus to matters at home, top of which were the state of the U.S. economy and corporate bottom lines. This week marks the first of the two biggest weeks for posting first-quarter results -- and the first earnings news that came Monday appeared encouraging.