Stock Watch: Stocks Fall On Mixed Economic Reports

The ColumbianJune 18, 2004

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Summary


NEW YORK - Wall Street extended its slide Thursday as a pair of economic reports carried a conflicting message to investors: The growing economy is fueling a job market recovery, but also allowing inflation to rise.

Anxiety over Iraq and interest rates has kept many investors on the sidelines for the past few weeks, and the latest data did little to lure buyers. Analysts say that until the end of the month, when the Federal Reserve takes action on rates and sovereignty is restored in Iraq, there will be little to drive the market forward.

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Stock Watch: Stocks Fall On Mixed Economic Reports

"The market's in a malaise," said Larry Wachtel, market analyst wi...

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