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Stocks trade mixed; manufacturing growth slows
Stock Market News |
2011/09/01 08:38
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Stocks are wobbling in midday trading after U.S. manufacturing expanded in August, but at a slower rate than the month before.
Retailers reported strong sales despite wild swings in the stock market and worries about the economy.
The Institute for Supply Management's index indicated that manufacturing expanded for the 25th straight month. Analysts had expected a contraction.
Macy's and Costco Wholesale edged up after their sales rose more than analysts had expected.
The Dow Jones industrial average is down 4 at 11,609 at midday. The Standard & Poor's 500 index is down 1, or 0.1 percent, at 1,217. The Nasdaq composite index is down less than a point at 2,579.
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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