Market slide accelerates amid weak economic data [MSN Money]
IHS Markit Ltd. Common Shares (INFO)
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Source: MSN Money
Market slide accelerates amid weak economic data Stocks declined further Thursday after the release of disappointing U.S. economic data. Wall Street also kept an eye on Washington as U.S.-China trade negotiations carried on. Load Error The Dow was down 7 points as Walgr Boots Alliance lagged. The S&P 00 fell 0.6 perct, led lower by the communications and real tate sectors. The Nasdaq slid 0.7 perct. The Philadelphia Federal Rerve busins index fell to negative . in February — its lowt level since May 06 — from 7 in January. Economists polled by Dow Jon expected a print of . Durable goods orders for December, meanwhile, rose . perct, the Commerce Departmt said. The departmt also said core capital goods orders fell 0.7 perct while economists polled by Reuters expected a gain of 0. perct. IHS Markit also said its U.S. manufacturing purchasing managers' index fell to .7 in February, a 7-month low, from .9 last month. IHS Markit said in a release that survey rpondts cited "a soft patch for
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