Stocks fall early tody on economy worries
NEW YORK (AP) — Stocks are falling in early trading today as investors grow increasingly wary about the economic recovery.
A new report on U.S. factory orders was the latest in a sign that the economy may not rebound as fast as hoped.
The stock market’s two-week market rally is on hold after earnings reports and the Conference Board’s reading on consumer confidence fell short of expectations.
Amid investors’ growing caution, the markets appeared unmoved by the Internet search deal announced today between Microsoft Corp. and Yahoo Inc.
Traders brushed off gains in overseas markets, which rose on generally positive earnings from leading industrial companies.