Wall Street Tumbles as Confidence Mixed on Prices
Stocks mostly fell as mixed reports on home prices and consumer confidence offered little incentive for traders. The Dow edged up 14.21 points to 9,882.17 while the S&P 500 slid 3.54 points to 1,063.41 and Nasdaq dropped 25.76 points to 2,116.09.
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Standard & Poor
Confidence Dips as October Index Signals Slower Economy
The Conference Board shows the Consumer Confidence Index at 47.7 in October, a near two-decade low and well below forecasts of 53.1, with bleak job prospects weighing on sentiment. Verizon reports Q3 earnings of $1.18 billion and 41 cents per share, hurt by fewer new subscribers amid higher costs and an acquisition.
MENTIONED IN THIS ARTICLE
U.S
Conference Board
Verizon Communications Inc
Verizon
New York
Thomson Reuters
Home prices rise in major cities in August
The S&P Case Shiller 20 city index rose 1 percent from July to 144.5, marking the third straight monthly gain. Prices remain 11.4 percent lower than a year earlier, with a broad upturn across 15 metro areas led by San Francisco Minneapolis and San Diego.
MENTIONED IN THIS ARTICLE
Standard & Poor
San Francisco
Minneapolis
San Diego
Swine studies link pig farms to pandemic flu risks
A Washington Post report details high biosecurity pig housing and concerns among virologists that H1N1 may originate in pigs. Experts urge better monitoring of pig populations and human-pig flu transmission to prevent future pandemics as testing programs expand nationwide.
MENTIONED IN THIS ARTICLE
Washington Post
Tipton
Washington Post Ipton
Devon Schott
Schott
United States
Robert Webster
Iowa
Minnesota
Gregory Gray
University of Iowa
Michael Osterholm
Center For Infectious Disease Research and Policy
University of Minnesota
U.S
Juergen Richt
Kansas State University
Gray
Richt
Agriculture Department
Iowa utilities win $5 million for smart grid project
The federal government awarded $5 million to Iowa municipal utilities for a smart grid rollout under the Smart Grid Investment Grant program. The plan includes 32,000 smart thermostats across 75 utilities serving 96,000 customers to reduce peak demand and cut the need for 57 megawatts of generation. A web portal will show remote thermostat changes, with work to continue over two years in Amana Kalona Tipton Traer and Vinton.
MENTIONED IN THIS ARTICLE
Dave DeWitte
I Iowa
Iowa Association of Municipal Utilities
American Recovery and Reinvestment Act
Iowa
Bob Haug
Haug
Amana
Kalona
Tipton
Traer
Vinton
David
Dewitte
Gazcomm
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