NewsMine — economy — united-states — 2003 — 2003-july-aug — Viewing Item

Stocks fell manufacturing news Original Source Link: (May no longer be active)    http://www.channelnewsasia.com/stories/marketnews/view/43519/1/.html http://www.channelnewsasia.com/stories/marketnews/view/43519/1/.html First created : 01 July 2003 2235 hrs (SST) 1435 hrs (GMT) Last modified : 01 July 2003 2235 hrs (SST) 1435 hrs (GMT) US stocks fell 1.12% Tuesday morning on disappointing economic data Wall Street fell sharply on Tuesday morning after a disappointing US manufacturing report, stoking expectations the world's biggest economy is not out of its recent sluggish mode. The Institute for Supply Management's national factory gauge edged up to 49.8 in June from 49.4 in May. That was well below Wall Street forecasts, which had pegged the figure at 51.0. A number above 50 signals growth while a figure below that level points to contraction. US May construction spending meanwhile fell an unexpected 1.7 percent. The Dow Jones industrial average fell 101.01 points or 1.12 percent to 8,884.43 while the technology-heavy Nasdaq Composite Index gave up 20.99 points or 1.29 percent to 1,601.81. Copyright © 2003 MCN International Pte Ltd

2004 budget shortfalls { August 24 2003 } Brace for shock at pump Deflation at bay { August 12 2003 } Deflation biggest myths { August 12 2003 } Disappearing jobs outsourcing consolidation Dollar rebound temporary { August 24 2003 } Dow plunges below 9000 worldcom scandal Economy boom coming { August 29 2003 } Economy shows signs picking up Economy spurred by defense spending Estimate 480b 2004 deficit { August 26 2003 } Forcast 400b deficits this year { July 14 2003 } Greenspan defends deflation worries Greenspan not liking deficit Imf says us too upbeat { August 27 2003 } Imf warns significant downside risks { August 27 2003 } Jobless rate nine year high Jobless woes send stocks down { August 1 2003 } Jobs being taken abroad Markets treading water at 9000 mark { August 6 2003 } Nations job plight worsens { August 2 2003 } Rally after 3 days declines { July 19 2003 } Recession devastating ohio jobs Road to deflation Salvage sell off bond market Stocks end up on banks { July 14 2003 } Stocks fell manufacturing news Stocks ready for global five year high { June 27 2003 } Stocks rise on news of saddam sons dead Stocks slide rising interest rates { August 5 2003 } Us tech jobs go to india Files Listed: 31

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