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Otherwise, Mr. Brown said, "the job market showed broad weakness".
Thursday's report on manufacturing orders in June showed broad weakness across industries making everything from machinery and appliances to cars and electronics.
The crisis, recession, and capital outflows of 2008-09 led to broad weakness in the domestic economies of many peripheral countries.
Since the market began to recover from the financial crisis in March 2009, stocks have faced broad weakness in the global economy and several crises that have led to lengthy declines.
The broad weakness in the job market, which affected many sectors, shows how the collapse of the housing bubble is rippling through the rest of the economy and suggests the likelihood of more pain for millions of American families in the months ahead from job losses, lower real wages and fewer working hours.
Amid broad weakness Thursday, American depositary receipts of Toyota dropped 3% to $71.26 in New York.
Similar(48)
But in part their thin bench reflects a broader weakness in recent non-presidential elections.
"The challenges facing Fannie and Freddie are part of the broader weakness in our economy," Mr. Furman said.
It also reflects broader weakness at European banks, which have been dealing with the fallout from the sovereign debt crisis.
Mr. Klein said that could be partly attributed to broader weakness in the economy and competition from tablets.
Difficulties in the export sector coincide with broader weakness in the economy since last winter, although there were hints of a slight recovery in March.
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