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Stocks extended their slide after the Philadelphia Federal Reserve Bank said its general economic index expanded in July at the slowest pace in seven months, as weaker orders and shipments brought activity down from a four-year high.
The weaker orders signal that demand in the manufacturing sector is still soft.
UK manufacturing activity increased in November after solid domestic demand offset weaker orders from overseas markets, a survey has indicated.
However, a business survey last week indicated that UK manufacturing activity increased in November, compared with October, after solid domestic demand offset weaker orders from overseas markets.
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Outsourcing company Capita was also one of the worst performers after its results revealed a weaker order book.
In these systems, as predicted here for TcTS, there may again be weaker ordering and greater solvent accessibility of the protein by a noncarbohydrate algycon, leading to less efficient transfer.
Weak orders at the fair contrast with a few signs of health in the export sector.
Struggling with bloated inventories, Chrysler faces weak orders from its dealers for new vehicles, company officials say.
Semiconductor stocks helped pulled down the Nasdaq yesterday after the equipment makers reported weak orders and disappointing earnings forecasts.
The outlook for the eurozone was also uncertain, with manufacturers reporting weak orders and German consumer confidence slipping.
The weak orders highlight concerns over whether the recovery of the housing market, already hampered by high unemployment and foreclosures, could stall in the absence of government help.
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