Tag Archives: percent

Wall Street rises 1 percent on jobs, Europe (Reuters)

NEW YORK (Reuters) ? Major stock indexes rose more than 1 percent on Friday after data showed the U.S. jobless rate dropped to a 2-1/2 year low and as policymakers appeared to move closer to tackling Europe’s debt crisis. The Dow Jones industrial average (.DJI) gained 121.24 points, or 1.01 percent, to 12,141.27. The Standard & Poor’s 500 Index (.SPX) gained 15.10 points, or 1.21 percent, to 1,259.68. The Nasdaq Composite Index (.IXIC) gained 32.59 points, or 1.24 percent, to … Continue reading

Posted in correct | Tagged , , | Leave a comment

Housing starts drop underscores economic woes (Reuters)

WASHINGTON (Reuters) ? New construction of homes fell more than expected in August, dragging on economic growth and keeping pressure on President Barack Obama to do more to help the sputtering economy. Housing starts dropped 5 percent, the most since April, to a seasonally adjusted annual rate of 571,000 units, the Commerce Department said on Tuesday. Economists polled by Reuters had forecast groundbreaking activity would fall to only a 590,000-unit rate in August. Housing starts are at less than a … Continue reading

Posted in correct | Tagged , , | Leave a comment