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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 (89878)8/26/2010 12:40:17 PM
From: Hope Praytochange  Read Replies (1) of 224748
 
Stocks turned negative Thursday after a survey showed manufacturing activity in the Kansas City region stalled in August.

The Dow Jones Industrial Average wiped out its earlier gains, falling 20 points in late-morning tradie The Standard & Poor's 500-share index fell 0.2% to 1054 and the Nasdaq Composite shed 0.3% to 2136.
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The market reversed its previous climb after the Federal Reserve Bank of Kansas City's manufacturing index, which measures productivity, fell to 0 this month from 14 in July. The employment index turned to negative territory, echoing other factory reports showing the sector is slowing.

"I'm not surprised because we're obviously looking at an economy that's starting to slow," said Matthew Keator, partner at the Keator Group.

The Dow slid 0.2% to 10040, weighed by a 1.3% drop in Kraft Foods. Cisco Systems fell 1.2%.
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