Economic Data Keeps A Lid On Stocks
(Forbes) —Less-than-stellar economic data led U.S. equities lower Thursday as jobless claims unexpectedly rose and and the Philadelphia Federal Reserve’s index of regional manufacturing grew at a slower pace than economists had hoped for. The Philly Fed said manufacturing did grow in June but at a reading of 8, from 21.4 in the previous month, a signal that economic recovery may be easing too much.
