Early rebound signs present.(Stock Index)

Corporate profits in the United States (all sectors) increased 50.8 percent during the second quarter of 2003, the fastest growth of profits in nine years (excluding the fourth quarter of 2001). Increasing profits, stronger final domestic demand and declining inventory levels are early signs of a rebound of capital investment by businesses. Robust increases in orders for core capital goods and shipments during the past three months, along with stronger readings on new orders in the Institute of Supply Management's manufacturing and nonmanufacturing indices, indicate further expans