Surprise Factory Order Drop Hurts Industrial ETFs
Posted on October 16, 2008 at 08:00 AM EDT
A sharper-than-expected drop in factory activity had markets and exchange traded funds (ETFs) sinking lower this morning. The Philadelphia Federal Reserve Bank said business activity unexpectedly fell to -37.5 in October, from 3.8 in September, reports Ellis Mnyandu for Reuters. The numbers are just the latest kick to the stomach Wall Street has been reeling from [...]
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