Jobless claims, over 400,000 for 14 consecutive weeks, didn't help either. We're now near the lows of the day, with the Dow down about 70 points. The brief rally, shown above, was a false rumor that a debt deal had been reached. Tirades and tantrums were the order of the day yesterday from the Teleprompter Tyrant!
WASHINGTON (AP) — U.S. businesses added to their stockpiles for a 17th consecutive month in May. But sales fell for the first time in nearly a year, a sign that many companies could be forced to trim supply levels if the economy weakens.
WASHINGTON (AP) — U.S. businesses added to their stockpiles for a 17th consecutive month in May. But sales fell for the first time in nearly a year, a sign that many companies could be forced to trim supply levels if the economy weakens.
Business supply levels grew 1 percent in May, the Commerce Department said Thursday. Sales fell for the first time in 11 months. It was the worst showing for sales since June of last year.
