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Reply #26: Weak regional manufacturing and slow economy hurt market [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-22-06 12:46 PM
Response to Reply #2
26. Weak regional manufacturing and slow economy hurt market
http://www.themountainmail.com/main.asp?SectionID=19&SubSectionID=75&ArticleID=9817

U.S. stocks fell Thursday after economic data pointing to a slowing economy and weakness in regional manufacturing weighed on investor sentiment.

The Philadelphia Federal Reserve December business index gauging regional manufacturing activity, came in at a negative 4.3 compared with a positive reading of 5.1 in November.

The weaker-than-expected economic data also sent bond prices higher.

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