NewsMine — economy — united-states — 2004 — 2004-june-aug — Viewing Item

Price index higher than expected Original Source Link: (May no longer be active)    http://www.forbes.com/business/businesstech/feeds/ap/2004/06/17/ap1419459.html http://www.forbes.com/business/businesstech/feeds/ap/2004/06/17/ap1419459.html Associated Press Stocks Open Lower on New Economic Data 06.17.2004, 09:42 AM Stock prices are lower in early trading. The Dow Jones Industrial Average is down 18 points in today's early going. Losing issues on the New York Stock Exchange hold a 3-2 lead over advancers. The Nasdaq Composite Index is off six points and the Standard & Poor's 500 Stock Index is down two points. Investors have a good chunk of economic data to chew over this morning. The Labor Department, in a report delayed by a week because of technical problems, says the Producer Price Index was up a larger-than-expected eight-tenths percent in May. The cost of food was a major factor in the increase, the sharpest in 14 months. The core rate, which strips out food and energy, was up three-tenths percent. Separately, the government said first-time claims for jobless benefits fell by 15,000 last week. However, that may have been due -- in part -- to office closings in 15 states during the mourning period for former President Reagan. Still to come this morning, the Conference Board's look at its Index of Leading Economic Indicators. The index, a gauge of future economic activity, has not fallen since March of last year and is expected to show another advance.

Att profit plummets stops residential service Consumer prices gain at slower pace in june { July 17 2004 } Consumer prices rise in may Consumer spending wanes and growth slows Defense spending helps small town jobs { May 11 2004 } Dollar declines against euro Dollar falls 3 week low versus euro Dow falls below 10k level Dow sinks to 2004 lows on oil prices hp earnings Dow strumbles on growth fears { July 24 2004 } Employment growth surprisingly weak in july { August 6 2004 } Fed boosts rate a quarter point Fed raises rates in august First quarter economic growth slows Food fuel advance consumer prices in may GM and Ford suffer sharp fall in June sales { July 1 2004 } Gold to hold above 400 this year and next { July 19 2004 } Greenspan says fed ready to act on inflation { June 8 2004 } Hourly pay not keeping up with price rises { July 18 2004 } Inflationary pressures building Price index higher than expected Report says 9 perc layoffs due to outsourcing { June 10 2004 } Stocks dip on inflation fears Stocks end lower after profit warning Stocks fall july 19 2004 Stocks fall sharply on weak job figures Stocks flat on greenspan raising interest rate worries Stocks higher on news of fed rate hike Stocks sag as oil prices steam higher Stocks tumble early aug on oil worries { August 5 2004 } Trade deficit sours US jobs growth slows down US stocks give back opening gains US trade gap widened in april to record 48b { June 14 2004 } Workers lack skills says greenspan { July 22 2004 } Files Listed: 35

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