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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (35639)	8/16/2010 9:37:04 AM
From: Hope Praytochange	1 Recommendation Respond to of 103300

Stock futures fell after Japan became the latest country to report slowing growth, adding to concerns about the pace of a global economic recovery. Japan reported its economy grew just 0.1 percent in the second quarter, well below the 1.2 percent growth in the first quarter and short of expectations. The report follows signs last week that both the U.S. and Chinese economies are not growing as quickly as earlier in the year. A report earlier today showed manufacturing activity in New York rebounded slightly this month after declining sharply in July. Despite the modest gain, activity did not expand as much as had been forecast, indicating economic growth remains small. The Federal Reserve Bank of New York's Empire State Manufacturing Index rose to 7.1 in August from 5.1 in July. Economists polled by Thomson Reuters forecast the index would rise to 8. The index was as high as 19.6 just two months ago. Investors will also get reports on housing starts, inflation at the consumer level, industrial production and weekly claims for unemployment benefits later this week. A big jump in unemployment claims last week added to stock losses. The Dow Jones industrial average fell nearly 400 points over the past four trading days after the Federal Reserve took a more cautious tone about the pace of recovery and said it would start buying Treasury bonds to try and stimulate growth. Major retailers like J.C. Penney Co. also warned that profits the rest of the year would not be as big as previously estimated because shoppers are cutting back on spending. Lowe's Cos. said earlier today its quarterly profit and revenue rose, though both measures fell short of forecasts. The home-improvement retailer also lowered its full-year revenue forecast. Ahead of the opening bell, Dow Jones industrial average futures fell 13 to 10,253. Standard & Poor's 500 index futures fell 1.70 to 1,074.40, while Nasdaq 100 index futures fell 2.00 to 1,813.25. how are your retirement accounts under idiot odumba ???