Investor's Business Daily - Consumers put the brakes on spending while personal income plunged in July, the Commerce Department said Friday, as the effect of rebate checks faded and inflation sapped buying power.
August 29th, 2008 | Posted in Business | Comments Off
AP - Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average fell more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.
August 29th, 2008 | Posted in Business | Comments Off
AP - Wall Street tumbled Friday after the government said personal incomes fell last month by the largest amount in nearly three years while consumer spending slowed. The Dow Jones industrial average more than 170 points, while a disappointing profit report from computer maker Dell Inc. weighed on the technology-heavy Nasdaq composite index.
August 29th, 2008 | Posted in Business | Comments Off
Change your direction.You ain't gonna change it.Can't rearrange it.Can't stand the pain.Failing miserably to build on Thursday's big rally, major averages tumbled into the weekend leaving some (older) traders humming a few bars of Aeros
August 29th, 2008 | Posted in Finance | Comments Off
Reuters - U.S. stocks tumbled on Friday, led
lower by tech shares after computer maker Dell warned that
companies worldwide are cutting back on technology spending.
August 29th, 2008 | Posted in Market News | Comments Off