Stocks decline as unemployment rises to seven-year high
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Stocks extend declines on drop in factory orders
By TIM PARADIS, AP Business Writer 2 minutes ago
Stocks are extending their losses after a report showed demand at the nation's factories has fallen to its largest amount in nearly two years
The market is interpreting the Commerce Department report Thursday as a sign that tight credit conditions are hitting manufacturers.
Orders for manufactured goods fell by 4 percent in August from July. Economists had expected a 2.5 percent decline. It is the biggest drop since a 4.8 percent decline in October 2006.
--MORE--
Bailout passes Senate, House foes soften
Bailout gets failing grade at NYU
Liquid Evaporation: U.S. Funding Frenzy
Stocks extend declines on drop in factory orders
By TIM PARADIS, AP Business Writer 2 minutes ago
Stocks are extending their losses after a report showed demand at the nation's factories has fallen to its largest amount in nearly two years
The market is interpreting the Commerce Department report Thursday as a sign that tight credit conditions are hitting manufacturers.
Orders for manufactured goods fell by 4 percent in August from July. Economists had expected a 2.5 percent decline. It is the biggest drop since a 4.8 percent decline in October 2006.
--MORE--