Tuesday, August 07, 2007
U.S. stocks slide before Fed
DJIA
13,445
-23.25
S&P
1,467
+0.02
NASDAQ
2,542
-4.73
10Yr
4.74%
+0.008
U.S. stocks slide before Fed
NEW YORK
Stock prices declined Tuesday, shifting gears again after the prior
day's rally, after the government reported increased labor costs and
lower-than-forecast productivity in the last quarter and investors
looked for calming words from the Fed.
The Fed: Decision day for Bernanke; all eyes on Fed statement
WASHINGTON
The Federal Reserve faces an important decision at their policy meeting
Tuesday: whether and how to address the fears of a broad credit crunch
from the turmoil in the mortgage market.
Economic Report: U.S. productivity weaker than expected in second
quarter
WASHINGTON
The latest figures on output in the U.S. workplace show a mix of slower
productivity growth and upward pressures on wages, painting an
unpleasant picture for the Federal Reserve.
