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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (134352)	6/4/2012 12:17:00 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 224704

NEW YORK (Dow Jones)--Stocks continued to spiral lower after an unexpected decline in U.S. factory orders fueled mounting concerns about slowing economic growth. The Dow Jones Industrial Average was off 36 points, or 0.3%, to 12081 in midday trading on Monday. The Dow tumbled 274.88 points on Friday, its steepest loss of the year, following a monthly jobs reports that badly missed expectations. Friday's slide pushed the blue-chip benchmark into the red for the year. The Standard & Poor's 500-stock index fell six points, or 0.5%, to 1272. Monday's decline puts the S&P 500 on pace to close in correction territory, or 10% lower than April's peak. The Nasdaq Composite declined 10 points, or 0.4%, to 2737. Stocks opened flat but headed lower after the Commerce Department reported that orders for manufactured goods fell in April, versus forecasts for orders to hold steady. The report follows a Friday data release that showed manufacturing activity had cooled in May. Industrial, materials and financial stocks fell the most among the S&P 500's 10 sectors. Caterpillar, a stock closely tied global growth prospects, fell 2.2% . JPMorgan also slumped 2.2%. Friday's soft report from U.S. labor market reflects how uncertainties in Europe are sapping business confidence in the U.S., said John De Clue, regional investment director for U.S. Bank Wealth Management in Minneapolis.