The ENRON Scandal Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The ENRON Scandal

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mephisto who wrote (4549)	9/30/2002 2:35:22 PM
From: Mephisto	Read Replies (1) of 5185

U.S. stocks slide after weak economic news CBS MarketWatch U.S. stocks slide after weak economic news Monday September 30, 1:03 pm ET By Julie Rannazzisi biz.yahoo.com The following is an excerpt: NEW YORK (CBS.MW) --" All three of the major indexes tumbled on Monday as weaker-than-expected economic news on spending and manufacturing re-ignited fears that the economy may be falling back into recession. The Dow became the second index to fall below its intraday low of the year set on July 24. The Nasdaq crashed through its 2002 nadir last week. With third-quarter books about to be closed, investors remain worried about the same issues: sluggish economic growth, company profits that just can't seem to gain momentum and the distinct possibility of war with Iraq. And the final trading day of the third quarter is unfolding the same way the quarter began: with grueling losses. On Monday, the September Chicago Purchasing Managers Index slid to 48.1 percent from August's 54.9 percent and much less than the 53.3 percent that has been expected by economists. The index registered its lowest reading since January. The drop in the index bodes ill for the Institute of Supply Management Index, which is set for release on Tuesday. Readings below the 50-percent mark point to a contracting manufacturing sector. Additionally, August personal income and spending numbers came in below expectations, rising 0.4 percent and 0.3 percent, respectively, vs. the 0.5 percent and 0.6 percent growth rate that had been expected."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next