Tuesday, June 29, 2010
U.S. stocks hit as consumer confidence falls
U.S. STOCKS HIT AS CONSUMER CONFIDENCE FALLS
S&P 500 Index is poised for its lowest finish this year, as U.S.
consumer confidence falls more than anticipated in June, adding to
worries about a global slowdown.
JAVELIN ROCKETS AS DRUG STOCKS HEAD SOUTH
Investor jitters over the state of the Chinese economy weigh on both
the broader market and drug sector in early action.
MICRON, FLEXTRONICS, AMAZON HIGHLIGHT TECH LOSSES
Technology stocks put in a disappointing performance Tuesday, with the
entire sector getting battered and falling along with the broader
market due to investor worries about the Chinese economy and the
outlook for global economic growth.
AIRLINE STOCKS FALL; ANALYSTS TEMPER CHINA OUTLOOK
Airline stocks decline after a U.S.-based research group slashes its
growth outlook for China, a country whose economy has helped lift
international traffic demand.
BARNES & NOBLE, WAL-MART IN SPOTLIGHT; SECTOR DOWN
Retail stocks fall in early activity with the broader markets on
worries that growth in China, the key engine of the global economic
recovery, is slowing.
