Stocks edge higher as service industry index signals growth for first time in a yearOctober 5th, 2009 Stocks edge up as service industry activity risesNEW YORK — Stocks are struggling to hold their gains after a trade group reported the service industry grew in September but companies' pricing power weakened. The Institute for Supply Management reports Monday that its services index rose to 50.9 in September from 48.4 in August.
Stocks advance as service industry index signals growth for first time in a yearOctober 5th, 2009 Stocks rise as service industry activity improvesNEW YORK — The first growth in the service industry in a year and an upgrade of big banks pulled investors into the stock market after a two-week slide. Major stock indicators rose jumped about 1 percent Monday, including the Dow Jones industrial average, which added 112 points.
Stocks rise in early trading after two-week slide; investors await data on service industryOctober 5th, 2009 Stocks advance ahead of service industry dataNEW YORK — Stocks rose early Monday after a two-week slide in the market and as traders prepared for a report on the service industry. Investors are looking to the report on the services industry for any sign of an economic recovery.
A snapshot of major employment categories and how they faredOctober 2nd, 2009 Job losses were widespread last monthA snapshot of major employment categories, and how they fared in the past two months:
Construction: Cut 64,000 jobs in September, following losses of 60,000 in August. Manufacturing: Eliminated 51,000 jobs in September, after cutting 66,000 in August.
Summary Box: Jobs, manufacturing data show recovery off to bumpy start; modest rebound likelyOctober 1st, 2009 Summary Box: Jobs, manufacturing data disappointCONSUMERS: Consumer spending surged 1.3 percent in August, due partly to the now-ended Cash for Clunkers program. But incomes posted a lackluster 0.2 percent gain, and the number of newly laid-off workers rose more than expected to 551,000 last week.
ISM: manufacturing sector grew for 2nd straight month in Sept.; pace of new orders slowsOctober 1st, 2009 ISM: Manufacturing sector grew in SeptemberNEW YORK — A private measure of the manufacturing sector grew for a second straight month in September, but at a slower pace than in August, another sign pointing to a bumpy economic recovery. The Institute for Supply Management, a trade group of purchasing executives, said Thursday that its index measuring the industrial sector read 52.6 last month.
India logs 26 percent spurt in car salesSeptember 8th, 2009 NEW DELHI - Even as auto companies worldwide are in a slump, India saw a 25.59 percent growth in the sale of passenger cars in the domestic market in August, compared to the like month of last year, industry data showed Tuesday. According to the Society of Indian Automobile Manufacturers (SIAM), 120,669 units were sold last month, compared to 96,082 units in August 2008.
Domestic car sales up nearly 26 percentSeptember 8th, 2009 NEW DELHI - After a period of gloom, the auto industry bounced back in August, registering a 25.59 percent growth in domestic passenger car sales, as compared to the year-ago period, industry data released Tuesday showed. According to the Society of Indian Automobile Manufacturers (SIAM) data, 120,669 units were sold last month, compared to 96,082 units in August 2008.
Stocks begin September little changed as investors await data on manufacturing, housingSeptember 1st, 2009 Stocks mixed ahead of manufacturing dataNEW YORK — As September begins, investors are cautious about extending the market's rally into a seventh month. Stocks are little changed in early trading Tuesday, following declines in European shares and a slight rebound in Asian markets.
Stocks begin September slightly higher as investors await data on manufacturing, housingSeptember 1st, 2009 Stocks creep higher ahead of manufacturing dataNEW YORK — Stocks edged higher Tuesday ahead of reports on manufacturing and housing. The slight gains follow declines in European shares and a modest rebound in Asian markets.
Investors start September on cautious footing, stocks fall after manufacturing, housing dataSeptember 1st, 2009 Stocks fall after manufacturing, housing dataNEW YORK — The stock market's rally finally gave way on Tuesday, sending shares sharply lower as investors concluded that a six-month surge was overdone. At midday, all the major indexes fell more than 1.5 percent, including the Dow Jones industrials, which lost about 150 points.
Obama: Manufacturing growth an important sign of recovering economySeptember 1st, 2009 Obama: Manufacturing growth a good signWASHINGTON — President Barack Obama says a promising report on the state of U.S. manufacturing is a sign that the hurting economy is moving in the right direction.
Stocks push higher as August trading begins amid signs of healing in manufacturing, housingAugust 3rd, 2009 Stocks extend gains after manufacturing reportNEW YORK — Another dose of good economic news is sending stocks higher. The Institute for Supply Management reports that while manufacturing activity slowed during July, it did so at the slowest pace in nearly a year.
Industrial output up 2.7 percent in MayJuly 10th, 2009 NEW DELHI - India's industrial production registered 2.7 percent growth in May - the highest since September last year - signalling economic recovery, fresh data showed Friday. The index of industrial production (IIP) had expanded by 1.4 percent in April, signalling the early signs of recovery.
Stocks begin holiday-shortened week in positive territory, investors await week's key dataJune 29th, 2009 Stocks open higher ahead of week's key dataNEW YORK — Investors are beginning a holiday-shortened week on a positive note. Stocks are slightly higher in early trading Monday, following mixed moves in overseas markets.
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