Services report adds to US economic gloom Financial Times, UK - 5 hours ago By James Politi in Washington Activity in the US services industry contracted in January for the first time in five years, according to a closely-watched ...US service business declined in January United Press International - 2 hours ago TEMPE, Ariz., Feb. 5 (UPI) -- Non-manufacturing US businesses declined in January for the first time since March 2003, the Institute for Supply Management ...US service sector in sharp fall BBC News, UK - 4 hours ago The US service sector contracted in January for the first time in almost five years, a survey has shown. The Institute for Supply Management's index of ...Economic Worry Ignites Treasurys Wall Street Journal - 4 hours ago By EMILY BARRETT NEW YORK -- Treasurys prices jumped midmorning on the unexpectedly early release of some particularly poor data on business activity in the ...
Snuffysmith
Feb 5 2008, 02:45 PM
Dow Drops 300 on Service Sector Weakness- APStocks slumped for the second straight session Tuesday, after an unexpected contraction in the service sector rekindled investors' worry that the economy is headed for recession. The Dow Jones industrial average fell about 300 points, while bond prices surged.