Thursday, August 18, 2011
BREAKING NEWS: Selling in Stocks Intensifies, Dow Off 450 Points
Stocks, already sharply lower on growing fears about slowing global growth, took another sharp turn for the worse around 10 a.m. on more disappointing economic data. Existing home sales unexpectedly fell in July and a reading on the manufacturing sector in the Philadelphia region was abysmal. The Dow is off 450 points, and the yield on the 10-year Treasury has fallen to an historic low of 1.99%.
BREAKING NEWS: Existing Home Sales Unexpectedly Fall in July
U.S. existing home sales fell 3.5% in July from June to an annual rate of 4.67 million units. Economists had been expecting a 3.8% increase to a 4.9 million-unit rate.More headlines from FoxBusiness.com:http://email.foxnews.com/t?ctl=12EBC:7469D46E31DAE9CA4A6C85AC78DFF854&------------------------------------------------------------To learn more about all of our newsletters and alerts visit: http:
BREAKING NEWS: Philadelphia Fed Index Plunges in August
The Philadelphia Federal Reserve's gauge of manufacturing activity came in at -30.7 in August, far short of expectations of 3.7. Readings above 0 point to expansion, while those below 0 indicate contraction.More headlines from FoxBusiness.com:http://email.foxnews.com/t?ctl=12EAE:7469D46E31DAE9CA315317D093CBEA9E&------------------------------------------------------------To learn more about all of
Art Dealer Larry Gagosian Buys Private Equity Titan's Townhouse For $36.5 Million
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BREAKING NEWS: Stocks Plunge at Open on Global Economic Woes
Stocks are sinking at the open in New York, with the Dow, Nasdaq Composite and S&P 500 all off by more than 2%. The selloff has been fueled in part by growing concerns that major economies around the world are close to recession. Tech stocks and financial names are particularly weak, the yield on the 10-year Treasury is down to 2.06%, oil is falling and gold is rallying. The Dow is off 300
BREAKING NEWS: Stocks Looking at Ugly Open, Dow Futures Down 230
The major stock-market indices are expected to open sharply lower when trading begins Thursday morning, weighed down by a host of negative factors. Morgan Stanley and Goldman Sachs have lowered their global growth outlooks, and weekly jobless claims were higher than expected last week. Dow futures are down 230 points, stock markets around the world are sharply lower and gold is rallying.More
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