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Stocks Fall, but New York Times Company Surges
Stocks dipped today following mixed economic news. Initial jobless claims dropped to 3666 000 down 5 000 from the last report. The four-week moving average a more stable measure dropped to 350 000 the lowest level since March 2008. Fourth-quarter productivity fell with nonfarm business productivity slipping 2.0% after a jump of 3.2% in the third quarter. In international news the European Central Bank decided to cut the Irish government some slack loosening the terms of its debt agreement. The Dow (INDEXDJX:.DJI) lost 99 points declining to 13886.57 and the S&P 500 (INDEXSP:.INX) fell 0.63% to 1502.66. The Nasdaq ...
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