Wednesday, October 27, 2010

Bloomberg

Oct. 27 (Bloomberg) -- Orders for U.S. non-military capital equipment excluding airplanes dropped in September, indicating gains in business investment will cool.



Oct. 27 (Bloomberg) -- U.S. stocks fell, snapping a five- day gain for theStandard & Poor’s 500 Index, as government data signaled business investment will cool and investors speculated Federal Reserve steps to shore up the economy will be gradual.
Sprint Nextel Corp. slumped 7.5 percent after posting a wider-than-estimated loss. Alcoa Inc. dropped 1.2 percent, following metal prices lower. ConocoPhillips fell 1.9 percent as crude oil halted a three-day advance. Broadcom Corp. jumped 8.5 percent as quarterly revenue beat analysts’ predictions.

Print this post

No comments: