31.   Italian markets rallied amid expectations Prime Minister Lamberto Dini will be reappointed to another term after his resignation was rejected by President Luigi Scalfaro.

32.   Lumber prices rallied amid perceptions excess supplies of wood chips, used to make paper, are prompting some companies to close mills, reducing lumber supplies.

33.   Massachusetts stocks advanced for the second week, led by Cascade Communications Corp. as networking-equipment companies rallied amid optimism on earnings, analysts said.

34.   New York stocks mirrored the broader market, which rallied amid expectations that falling interest rates will buoy the economy and boost corporate profits.

35.   Oilfield service company stocks rallied amid reports of more consolidation in the industry, pushing Texas stocks to a record high.

36.   Oil stocks rallied amid reports that recent increases in crude oil prices combined with dwindling inventories may signal a prolonged shortage in supply.

37.   PepsiCo Inc. rallied amid optimism that its board would vote to spin off its Pizza Hut, Taco Bell and KFC restaurants in a single group.

38.   Philippine stocks rose for the second day as property developers such as Ayala Land Inc. rallied amid expectations falling interest rates will boost sales.

39.   Puget Sound stocks rose to a record high as shares of Weyerhaeuser Co. rallied amid optimism that rising forest-product prices will lead to higher earnings.

40.   Regarded as a barometer of interest-rate expectations, shorter-term notes rallied amid mounting hopes for a rate cut.