Wall Street Falls on Economic Worries | G.O.O.D

Mountain House Freeze-Dried Food « $1 million ’smart’ surveillance system to deter crime Poor retail sales weigh on Wall Street » Sep 03 2008 Wall Street Falls on Economic Worries Posted by: Joshuah in Economics, tags: Labor Department, manufacturing Source: NYTimes.com Wall Street finished mixed in fickle trading Wednesday, with investors unsettled about the economy ahead of Friday’s employment report and only somewhat relieved about sliding commodities prices. The Commerce Department gave the market just modest comfort when it said orders for manufactured products rose by 1.3 percent in July. The figure was higher than the 0.8 percent predicted by economists polled by Thomson Financial/IFR; the department also upwardly revised its June reading to an increase of 2.1 percent. However, many traders brushed off the report as old news, given that it is now September. With automakers releasing sluggish August sales and the Federal Reserve reporting weak economic activity throughout the nation, investors proceeded cautiously. Anxiety about the Labor Department’s August jobs report, due Friday, also prevented many investors from making any major commitments. It also had them largely shrugging off another drop in commodities, although a massive pullback in commodities since earlier in the summer has helped alleviate some of Wall Street’s inflation worries. Full Story… Related Blogs Related Blogs on Labor Department Happy Labor Day The Department of Labor in the Bush Years: A Damage Assessment BLM Whistleblower WINS appeal over Toxic Nevada Mine Happy Labor Day The Department of Labor in the Bush Years: A Damage Assessment Related Blogs on manufacturing Walking the Manufacturing Plank MCAST and the MFOI launch new course – Diploma in Manufacturing … This entry was posted on Wednesday, September 3rd, 2008 at 8:06 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States