U.S. stocks slide amid downbeat economic data
Date: Wed, 19 Nov 2008 12:01:10 -050
U.S. stocks slide amid downbeat economic data
U.S. stocks fall after the biggest-ever drop in consumer prices and
another gloomy housing report offers little cheer to investors already
fretting about the fate of the Big Three automakers.
ECONOMIC REPORT: U.S. CONSUMER PRICES FALL BY THE MOST SINCE AT LEAST 1947
U.S. consumer prices plunged by the steepest amount since records were
tabulated in 1947, the Labor Department reported Wednesday.
ECONOMIC REPORT: HOUSING STARTS FALL TO RECORD-LOW LEVEL IN OCTOBER
U.S. home builders reduced their starts of new homes by 4.5% in October,
driving new construction to the lowest level since just after World
War II, the Commerce Department estimates.
BOEING JET DELIVERIES PUSHED OUT 10 WEEKS DUE TO STRIKE: REPORT
Boeing Co. has decided against ramping up its commercial aircraft
production schedule to make up for time lost when its machinists were
on an eight-week strike this fall, according to Wednesday's Wall
Street Journal, which cited people familiar with the situation.
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