Stocks fall on inflation data, financial worries (AP)

Posted by admin on August 19, 2008 under News | Be the First to Comment

Stocks fall on inflation data, financial worries (AP)

Customers make purchases at a Home Depot story in Chicago, Friday, Aug. 8, 2008. The Home Depot Inc., the nation's largest home improvement retailer, reported a 24 percent drop in second-quarter profit Tuesday, Aug. 8, 2008, but beat Wall Street expectations. The company reiterated its downbeat outlook for the year amid a weak housing and home improvement market that shows no signs of recovery. (AP Photo/Charles Rex Arbogast)AP – Stocks fell sharply Tuesday after a hefty jump in wholesale inflation and a drop in new home construction gave investors more reasons to believe the economy won’t rebound anytime soon. The Dow Jones industrial average dropped by more than 100 points.


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