Stocks Decline on Manufacturing Report
Posted: Fri Feb 15, 2008 11:09 am
The New York Federal Reserve's Empire State Manufacturing Survey indicated that conditions have deteriorated this month. The reading fell nearly 21 points to negative 11.7 -- the first negative reading since May 2005. Analysts had forecast a decline of 6.5 percent for the February number, according to Dow Jones Newswires.
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