US Stocks Drop in Week on Economic Reports; Merck Declines
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US stocks fell this week after a government report showing slower job growth, coupled with an unexpected drop in an index of service industries and record oil prices, fueled concern that economic expansion will stall.
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The Dow Jones Industrial Average dropped after Merck &amp; Co. withdrew the Vioxx painkiller and retracted its third-quarter profit forecast.
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Stocks slipped on Wednesday following a negative assessment of the housing market from a large home builder and a Federal Reserve report indicated some U.S. regions were seeing slowing economic growth.
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Stocks opened the week in grim fashion in Asia and Europe, falling heavily amid worries about banking sector debts and a slowdown in the U.S. economy. Wall Street was modestly lower.
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NEW YORK  -U.S. stocks fell on Friday after the release of weaker-than-expected September employment data, adding to worry that the economy may be slowing to the detriment of corporate profits.
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Stocks declined on Friday amid signs   the economy may slow more than expected and reduce the profits   of large industrial companies and other companies sensitive to   the economic cycle.
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U.S. blue chips fell on Thursday after  drug company Merck & Co.MRK.N said it was withdrawing its key  arthritis drug Vioxx, while relentless oil prices floated back  to $50 a barrel.
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Wall Street finished mixed Friday as lackluster economic reports offered investors little incentive to place big bets ahead of a long weekend. Disappointing data on manufacturing, consumer confidence and import prices reminded investors the economy is struggling. As a result, a week that began with a rally closed on a subdued note.
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US stocks extended this week's sharp losses on Wednesday when a tentative rally fizzled out amid renewed concerns about the US economy sending the Nasdaq back into a bear market.
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Stocks fell on Friday, pressured by  declines in the drug and semiconductor sectors and  by  slower-than-expected U.S. jobs growth in September.
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U.S. stocks ended lower on Thursday as investors took profits following data that signalled strength in the economy and revived interest-rate concerns.
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NEW YORK  -U.S. stocks fell on Friday after weaker-than-expected jobs data prompted worries about slower economic growth but not slow enough to cause the Federal Reserve to cut interest rates any time soon.
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Stocks dropped on Friday as investors tempered their optimism that the economy could avoid recession, and locked in profits on banking and pharmaceutical shares after two days of sharp gains.
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U.S. stocks dropped on Friday after a manufacturing index showed its weakest reading in more than three years, prompting worries the economy was slowing sharply.
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Stocks slipped on Thursday as worries about rising bond yields overshadowed strong economic data and news of a $20 billion buyout of Hilton Hotels Corp.
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NEW YORK (CBS.MW) -- Merck (MRK) shares dipped almost 2 percent to $45.16, making it the biggest decliner in the Dow. The selling is related to just surfacing concerns about the safety of its Vioxx arthritis COX-2 inhibitor drug.
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U.S. stocks slid on Friday after a manufacturing index showed its weakest reading in more than three years, hurting shares of manufacturers like 3M Co.  and Caterpillar Inc., and adding to worries the U.S. economy was slowing too quickly.