equityresearch
Equity Research
U.S. stocks fell for a fourth day, the longest losing streak for the Standard
& Poor’s 500 Index since May, as reports on job losses and factory orders
spurred concern that the economy is struggling to recover.
ADP Employer Services said employers cut 298,000 jobs in August, while
growth in factory orders trailed forecasts. The decline in payrolls
reported by ADP exceeded the median economist estimate of a loss of
250,000, according to a Bloomberg survey. A Bloomberg survey of
economists shows expectations the unemployment rate rose to 9.5
percent in August from 9.4 percent a month earlier.....
http://www.nirmalbang.com/Upload/Daily030909.pdf
& Poor’s 500 Index since May, as reports on job losses and factory orders
spurred concern that the economy is struggling to recover.
ADP Employer Services said employers cut 298,000 jobs in August, while
growth in factory orders trailed forecasts. The decline in payrolls
reported by ADP exceeded the median economist estimate of a loss of
250,000, according to a Bloomberg survey. A Bloomberg survey of
economists shows expectations the unemployment rate rose to 9.5
percent in August from 9.4 percent a month earlier.....
http://www.nirmalbang.com/Upload/Daily030909.pdf