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Rising Prices and Banking Worries Push Shares Lower
Summary from United States, from articles in English
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Goldman Sachs, despite posting a less-than-expected 11 percent decline in quarterly profit, aggravated jitters by releasing a downbeat report on the broader banking industry. (article 2)
The Commerce Department said new home construction dropped 3.3 percent in May, and that building permits und a harbinger of future activity und declined 1.3 percent. (article 5)
Keeping inflationary jitters alive, the Labor Department said Tuesday that prices at the producer level, when including food and energy costs, rose 1.4 percent in May. (article 5)
Wall Street started the week with a mixed finish on Monday as investors weighed volatility in oil prices against new hope for the financial sector after Lehman Brothers posted results. (article 3)
Stocks spent much of the session mostly lower after a fresh record for crude oil and a decline in regional manufacturing activity touched off concerns about the economy. (article 3)
The Dow Jones industrial average fell 38.27 points, or 0.31 percent, to 12,269.08 after being down more than 95 points early in the session. (article 3)
NEW YORK- Stocks tumbled Tuesday as a troubling reading on wholesale inflation underscored the drag of high energy prices on the economy. (article 1)
Much of Monday's trading was technical as investors awaited Tuesday's reports on new home construction and producer prices. (article 4)
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Other stories about inflation, prices and bank:
Event tracking:
Story keywords
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inflation, prices, bank, rate, food |
Source articles
- Stocks fall as data show drag of higher oil (boston.com, 06/17/2008, 692 words)
- Rising Prices and Banking Worries Push Shares Lower (nytimes.com, 06/18/2008, 510 words)
- Shares Are Mixed as Oil Price Declines (nytimes.com, 06/17/2008, 532 words)
- Treasurys little changed after last week's selling (Washington Post, 06/17/2008, 242 words)
- Treasurys rise on weak housing data (Washington Post, 06/17/2008, 341 words)
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blaster@cs.columbia.edu
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