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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (75817)12/3/2009 10:55:34 AM
From: Hope Praytochange2 Recommendations   of 224738
 
By GEOFFREY ROGOW

The Dow Jones Industrial Average pushed into the red Thursday morning, after a report showing the U.S. service sector's growth slowed in November.

The Institute for Supply Management said its overall nonmanufacturing index moved to 48.7 in November, from 50.6 in October, while its business activity/production index hit 49.6, after the prior month's 55.2. The PMI level was worse than the 51.7 expected by economists.

"We've seen most economic data points hold above that 50 level, which is indicative of expansion," said Craig Peckham, equity trading strategist with Jefferies. "If you look at this number, which had been tracking higher, we edged above 50 in September and a pullback below that level now has sent some jitters."
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