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Article: Markets: stocks extended the week's losses Friday, further chilling the market's spring rally.(WALL ST./FINANCE)(Statistical data)
- Article from:
- MondayMorning
- Article date:
- May 18, 2009
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Markets: stocks extended the week's losses Friday, further chilling the market's spring rally. Analysts said investors, who the week prior sent stocks higher on economic news that wasn't as bad as expected, are now selling. And it will take more upbeat data to restart the rally that swept major stock indicators up more than 30% from 12-year lows in early March. The Labor Department said Friday that consumer prices in April were flat, as economists predicted. Manufacturing activity in the New York area and industrial production contracted less than economists expected. And a Reuters/University of Michigan index of consumer sentiment rose to an eight-month high in May, a ...
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