Author: 123jump.com Staff
123jump.com
Last Update: 11:48 AM EST February 05 2008
U.S.stocks edged lower after a read on the service economy in January declined sharply, sparking worries of economic recession. ISM index for non-manufacturing ssector declined to 41.90 in January from 54.4 in December. A sudden and sharp reversal failed to meet projections from most economist for an index between 51 and 53. Whirlpool surged 9% after reporting better than expected earnings on higher international sales. Church & Dwight added 3% on higher earnings.
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