Shares Drop on Manufacturing Data
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Wall Street stumbled after manufacturing unexpectedly contracted in November, raising concerns that the economy will not be able to achieve a soft landing.
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NEW YORK Falling profit forecasts from Google and Applied Materials sent technology stocks falling Tuesday while a US government report on another drop in unemployment claims help buoy other markets.
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U.S. stocks fell on Thursday after weaker-than-expected durable goods data raised concerns about the outlook for the economy and profits.
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Stocks fell sharply after data showed U.S. factory activity contracted in December to its weakest since April 2003, underscoring worries about the economic slowdown.
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TOKYO Japanese stocks fell Thursday after a government report showed that machinery orders unexpectedly declined in September, signaling that corporate investment may weaken.
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Hopes for a bullish start to the year for stocks faded after a key measure of manufacturing activity unexpectedly fell in December to its lowest level since 2003.
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Stocks dropped sharply on Thursday as data showing a plunge in regional factory activity and news of a hefty loss by brokerage Merrill Lynch fanned worries about the economy.
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U.S. factory orders suffered the steepest drop in six years last month and an index of homes sales fell, according to data on Tuesday highlighting weak spots in the economy that could derail its recovery.
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Wall Street stock indexes declined on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
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U.S. stocks fell on Tuesday, with the Nasdaq tumbling 1 percent, after government data showed the sharpest rise in producer prices in 32 years last month and Oracle Corp.  reported disappointing sales.
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Leading shares closed near day's lows in mid-afternoon trade Friday after much weaker than expected US non-farm payroll data dragged the Dow nearly 200 points lower in morning deals.
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Slashed earnings estimate pulls down shares.
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U.S. stocks ended the final day of the  second quarter on a down note, slipping on Friday after  weaker-than-expected data on Chicago-area manufacturing stirred  concerns about the economy and offset fresh hopes for a faster  turnaround at General Motors Corp. .
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U.S. stocks fell on Thursday as investors locked in profits ahead of jobs data on Friday that could show further weakening in the economy and hurt corporate earnings.
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Stocks dropped on Wednesday, with the Nasdaq slumping more than 1 percent, as recession fears hurt manufacturing and consumer discretionary stocks and financial shares suffered further declines.
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Stocks dropped on Thursday after a   report showed factory activity contracted in the U.S.   Mid-Atlantic region, prompting worries about the U.S. economy   and corporate profits, while drugstore stocks sank on fears of   competition from Wal-Mart Stores Inc. WMT.N .
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Stocks fell on Monday as data pointing to further trouble in the housing sector fueled concerns about the outlook for the economy and corporate profits.