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USA UK and Malta News
16/10/2008 - 19:38

USA Today Editoweb 16 october 2008

Stocks fluctuate as market tries to assess economy - Consumer prices are flat in September - Industrial production falls by most since late.

Stocks fluctuate as market tries to assess economy

Wall Street remained tense Thursday, swinging between sharp gains and losses as investors examined mixed economic and earnings data for clues about the economy. The Dow Jones industrials, down 380 at one point, later rose more than 100; the major indexes were also seeing wide swings.

Consumer prices are flat in September

Consumer prices were flat in September as retreating costs for gasoline, clothes and new cars helped to offset rising prices for food, medical care and other things.

Industrial production falls by most since late

Big industry production plunged in September by the most since late 1974, largely reflecting fallout from hurricanes Gustav and Ike.


The Toronto Stock Exchange's S&P/TSX composite index chopped its losses in half at noon on Thursday after falling to its lowest level since November 2004 earlier in the day as jittery investors weighed the risk of recession as commodity prices weakened.

Stocks rebound on Yahoo, bargain hunting

tocks rallied briefly in volatile trade on Thursday as investors snapped up beaten-down shares, while a report saying Microsoft may pursue a search partnership with Yahoo pulled the Nasdaq higher.

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