Stocks Dip on Consumer Income Report News
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An unsettling report on consumer incomes set off a spate of profit-taking on Wall Street Monday as investors worried that a tepid economy would erode companies' third-quarter earnings. Another drop in oil prices failed to shake the gloom from the market.
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U.S. stocks headed for a lower open Tuesday ahead of economic data on housing as well as a handful of quarterly results from blue chip names including Coca-Cola Co., Intel Corp. and Merrill Lynch.
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NEW YORK A lackluster report on US gross domestic product sent stocks lower Friday as Wall Street worried that a lack of jobs and high energy prices were holding back economic growth.
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NEW YORK, Jan. 4 -- U.S. stocks tumbled Friday after a feeble employment report heightened concerns about the outlook for a pillar of the economy -- the American consumer.
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U.S. stocks slipped on Tuesday as disappointing results from software maker Oracle Corp.  hurt technology stocks, and an unexpected quarterly loss from electronics retailer Circuit City  renewed fears about consumer spending during the holiday shopping season.
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Stocks declined on Wednesday after a report showing weaker-than-expected U.S. economic growth underscored worries about a recession and Yahoo Inc  forecast 2008 revenue below expectations.
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Stocks fell on Wednesday after reports showed the housing slump was deepening and spreading to the job market while slowing consumer spending.
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Stocks slipped as Wall Street, still pleased about the Federal Reserveâs rate cut but sobered a bit by mixed earnings reports, stopped to cash in profits from this week.
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Stocks slid on Tuesday as a report showing a surprise drop in retail sales in December bolstered the market's suspicions the economy was heading into a recession, while a bigger-than-expected loss at Citigroup Inc  dragged down the financial sector.
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NEW YORK -- Stocks fell in early trading Friday as a lower-than-expected consumer confidence reading and a weaker dollar weighed on enthusiasm from a stronger-than-expected employment report.
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Stocks fell on Friday after a surge in consumer prices stirred investor concerns that the Federal Reserve may back off from cutting interest rates, compounding the outlook for the economy and corporate profits.
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Shares on Wall Street looked set for  a weaker start on Wednesday as concerns about the U.S. subprime  mortgage market resurfaced ahead of U.S. housing and key  inflation data and a slew of corporate earnings.
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Wall Street stocks were weaker at midmorning on Friday after disappointing earnings from Google (NASDAQ:GOOG) and Caterpillar (NYSE:CAT) and renewed jitters over US mortgage and credit markets.
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Stocks traded flat on Thursday as a report pointing to further deteoriation in housing rekindled concerns about the economy's health, offsetting expectations for another cut in interest rates.
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Stocks slid sharply on Tuesday after Merrill Lynch cut its rating on three investment banks, while housing and consumer confidence data added to doubts about the economy's health.
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U.S. shares slipped on Thursday as investors showed some caution about Friday's jobs report and the economy's prospects and seized the opportunity to take profits.
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Stocks fell on Thursday, hit by losses in financial companies after Bank of America Corp  reported a sharp drop in earnings, stoking concern the credit crunch was dragging on profits and the economy.