Dear baseball2-ga,
There are investor concerns that there is an economic slowdown in the
US economy. A number have factors have contributed to these concerns
this week: the Federal Reserve reported a drop in manufacturing and
other industrial production; a Labour Department report showed higher
oil costs were driving up import prices; and, IBM?s poor results on
Friday.
These are some newspaper reports and analysis of this week on Wall
Street. Access others through search terms below.
"IBM's surprisingly weak earnings report and continued fears about
slower economic growth [...] Joseph Liro, an economist and market
analyst said ?it's a no vote on the economic outlook for the next six
months ... uncertainty about the impact of oil".
http://www.iht.com/articles/2005/04/15/yourmoney/mart.html
"...extending a recent slump that has come amid fears that economic
growth is slowing. [...] Worries that the economy is softening flared
up this week after reports showed an unexpected surge in the nation's
trade deficit with the rest of the world and weak monthly retail
sales."
http://www.signonsandiego.com/news/business/20050416-9999-1n16market.html
"But the sell-off began Wednesday, triggered by data signaling that
the stout economic growth of the last two years had slowed, hobbled in
part by high energy prices. Reports on retail sales and industrial
production both failed to meet expectations this week."
http://www.latimes.com/business/la-fi-stocks16apr16,0,5211850.story?coll=la-home-headlines
"The Federal Reserve said the nation's overall industrial production
rose 0.3 percent in March, up from 0.2 percent in February, but the
increase came only from utility production due to a
colder-than-expected month, and manufacturing and other industrial
sectors showed losses for the first time in six months. Investors
worried that higher energy and materials costs were affecting
manufacturing growth".
http://www.allheadlinenews.com/articles/1113649278
http://www.sddt.com/Commentary/article.cfm?Commentary_ID=10&SourceCode=20050415tb
http://www.businessweek.com/ap/financialnews/D89G2S800.htm?campaign_id=apn_home_down
I hope this answers your question. If it does not, or the answer is
unclear, then please ask for clarification of this research before
rating the answer. I shall respond to the clarification request as
soon as I receive it.
Thank you
answerfinder
Search strategy
"wall street" decline week
http://news.google.co.uk/news?hl=en&ned=uk&ie=UTF-8&q=%22wall+street%22+decline+week&btnG=Search+News
"wall street" decline
http://news.google.co.uk/news?hl=en&ned=uk&ie=UTF-8&q=%22wall+street%22+decline&btnG=Search+News |
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