Thursday, August 16, 2012

Stocks zig-zag on signs of slow economic growth

NEW YORK (AP) ? Stocks are bouncing between small gains and losses on Wall Street following more signs that the U.S. economic recovery is advancing, albeit at a slow pace.

The Dow Jones industrial average fell seven points to 13,165 just before noon on Wednesday. The broader S&P 500 index rose less than a point to 1,405, while the Nasdaq composite rose 11 points to 3,028.

U.S. industrial production increased last month as factories produced more cars, computers and airplanes.

It was the latest sign of economic improvement after a weak spring, starting with slightly better job growth in July and a small pickup in retail spending.

The latest numbers have left many investors wondering if the recovery is fragile enough to create a sense of urgency among policy makers to stimulate the economy.

Source: http://news.yahoo.com/stocks-zig-zag-signs-slow-economic-growth-154946134--finance.html

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