Friday, December 07, 2007
U.S. stocks reverse course amid mixed economic signals
U.S. stocks reverse course amid mixed economic signals
NEW YORK
U.S. stocks on Friday turned mixed as some investors resorted to
profit-taking after a two-day rise and others digested diverse data,
including slight payrolls growth in November and a drop in consumer
sentiment in December.
Analysts say Fed will cut despite jobs data, but it'll be close
WASHINGTON
The Federal Reserve will cut rates by a quarter-percentage point when
they meet in four days despite no clear signal of weakness from the
November jobs report, analysts said Friday.
Economic Report: U.S. labor market stronger than expected in November
WASHINGTON
The U.S. labor market was slightly stronger than expected in November,
the government said Friday, a factor that's likely to weigh on the
Federal Reserve's decision next week on whether to cut interest rates.
