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How Stocks Fared on Friday

Newsvine - business  Fri, 02/15/2008 - 16:24

Wall Street finished mixed Friday as lackluster economic reports offered investors little incentive to place big bets ahead of a long weekend.

Disappointing data on manufacturing, consumer confidence and import prices reminded investors the economy is struggling.

As a result, a week that began with a rally closed on a subdued note.


 

US Stocks Head for Lower Opening

Topix - Business News  Fri, 02/15/2008 - 12:41

U.S. stocks headed for a lower opening on Friday after a weak manufacturing report stirred concerns of a further economic slowdown.

The New York Federal Reserve said its Empire State Manufacturing Survey indicated that conditions have deteriorated this month.

The reading fell nearly 21 points to negative 11.7 _ the first negative reading since May 2005. Analysts had forecast a decline of 6.5 percent for the February number, according to Dow Jones Newswires.