Income report sends stock indexes falling
Article Abstract:
A US Commerce Department report that indicated nearly flat growth in personal incomes for the month of July 2004 together with worries that a tepid economy would erode companies' third quarter earnings prompted investors to cash in their gains on August 30, 2004. Trading volume was light as investors watched if the Republican National Convention concluded without incident and awaited the government's August employment report.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
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Prices go down, output goes up
Article Abstract:
The Labor Department in Washington reported that consumer prices index fell by 0.1 percent after months of higher energy costs. The setbacks were part of a pattern weak economic data amid an overall slowing in economic growth.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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