Sales and Output Data Show Sluggish Gains
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The 0.3 percent increase in retail sales was about half what had been expected. In another sign of weakness, industrial production in August edged up by just 0.2 percent.
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GDP data weaker than expected but stocks continue record-breaking rally.
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Slow sales hit a margin-boosting afterburner.
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Sales might be down, but the stocks are rising.
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U.S. stocks briefly pared gains but then resumed an upward trend on Friday after data showed existing-home sales fell to the slowest rate since June 2003, below economists' forecasts.
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Most parts of the country saw modest economic growth in the past month, although there were pockets of sluggishness as businesses continued to cope with fallout from the troubled housing and automotive industries.
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Investors sifted through new economic data and found little reason to resume last weekâs heavy selling.
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Earnings expectations were trounced, but projections don't measure up.
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WASHINGTON -- The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.
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U.S. data shows slightly stronger-than-expected growth but also pricing pressures.
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Improved profits surprise Wall Street, but PC maker warns that figures are preliminary and reveals little detail.
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Microsoft reported strong sales but its financial results were muddled by the late arrival of important new products.
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The company reported a sharp decline in its fourth-quarter profit compared with results a year ago that were fattened by a gain, but sales were up 1.7 percent.
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Slow and steady outperformance leads to tremendous long term returns.
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It has been a quiet day in terms of data releases, although Friday&#39;s stronger-than-expected GDP data gave a boost to the pound.
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WASHINGTON -- Factory orders in July for costly manufactured goods recorded the biggest gain in four months. New home sales, meanwhile, slid, according to a pair of reports that offered a mixed picture of economic activity.
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Stocks were mixed in a listless session yesterday as investors collected profits for a second consecutive day despite an unexpected drop in unemployment claims.