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Category Archives: Economy
Dow Slides as Relief Rally Fizzles
Read More at WSJ U.S. stocks fell, erasing an early rally, as weak manufacturing data and worries that ratings firms still could downgrade the U.S. government’s credit overpowered investor relief about a debt-ceiling deal. The Dow Jones Industrial Average shed 110 points, or 0.9%, to 12033, in afternoon trading, after briefly falling below 12,000 for [...]
Posted in Business, Economy
Tagged as: Dow Jones Industrial Averages, Wall Street, WSJ.com
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Regional factories rebound, jobless claims up
Factory activity in the Mid-Atlantic region bounced back in July, lifting hopes of a pick-up in economic growth in the third quarter. However, a rise in the number of Americans filing new claims for unemployment benefits suggested the reacceleration in output would not be as strong as had previously anticipated. The Philadelphia Federal Reserve Bank [...]
Posted in Business, Economy, Federal Reserve
Tagged as: Business, Economy, Federal Reserve, Unemploymnet
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