2006-10
28 00:11:11Dow ends down 73 on slow economic growth
NEW YORK (AFX) - businessminute
Stocks pulled back Friday after a government report stirred concerns that the economy may be slowing too much.
2006-10
27 23:18:57NEW YORK (AFX) - Stocks pulled back Friday after a government report stirred concerns that the economy may be slowing too much.
Investors have bid up stocks sharply in October on the notion that the economy is slowing, but not in a way that would threaten corporate profits and consumer spending. Investors are also counting on a gradual slowdown to reduce the threat of inflation and convince the Federal Reserve to lower short-term interest rates. For more information and to contact AFX: www.afxnews.com and www.afxpress.com