Service sector contracts as orders fall (AP) AP - Higher oil prices caused service businesses to shrink in June, as falling new orders and rising costs hit the nation's coffee shops, paper mills and corner stores. Publ.Date: Thu, 03 Jul 2008 18:30:06 GMT Source: Yahoo.com
IBD's Top 10 - Thursday (Investor's Business Daily) Investor's Business Daily - 1 The 6th straight monthly payrolls drop was in line with forecasts, though April and May payrolls were revised lower. That bodes ill for the economy, but recessions typically have bigger job cuts. Unemployment stayed at 5.5%, defying forecasts for a dip after May's spike. Factories and home builders slashed staff. Rising jobless claims signal more job losses ahead. Publ.Date: Thu, 03 Jul 2008 22:38:00 GMT Source: Yahoo.com
Stocks end mixed following jobs, services data (AP) AP - Wall Street capped a shortened trading week with a mixed finish Thursday after some uneven economic data: news of a contraction in the nation's services sector and a tame reading on employment. But stocks still had their third dismal week in a row, with the major indexes again posting losses as worries about rising oil prices and the fallout from the credit crisis dogged the market. Publ.Date: Thu, 03 Jul 2008 21:23:28 GMT Source: Yahoo.com