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Last Update: 8/19/2008 10:10:00 AM

NEW YORK (MarketWatch) — U.S. stocks dropped in early trade on Tuesday,
continuing a slide from the previous session, with concerns about the economy
fueled by weak housing starts and a stronger-than-expected rise in wholesale
prices.

Summary:

 

1. Fed’s Fisher makes case for hike rate sooner rather than later.
2. Lehman Brother (LEH) has approached a number of potential bidders about selling part of its investment business.
3. S&P and Nasdaq Composit push lower.
4. Staples (SPLS) warnedof weaker than expected results in 2Q.
5. Helett (HPQ) and Semiconductor firm analog devices (ADI) report quarterly result in AH market
6. The labor market reported Tuesday that U.S producer prices rose by a bigger-than-expected 1.2% in July>0.3% by economists surveyed.
7. Housing starts fell 11% to a seasonally adjusted annal rate of 965,000 in July.
8. The American Customer Satisfaction Index edged down in the second quarter despite
   big gains in online commerce, and the drop may signal more trouble ahead for the
   world economy.
9. Dec. gold falls $7.20, or 0.9%, to $798.50/oz on Nymex.
10. Sept. crude down 42 cents at $112.45/brl on Nymex.
11. Currencies: Dollar slightly lower against most rivals

 
http://www.marketwatch.com/news/story/us-stock-futures-extend-drop/story.aspx?guid=%7BA6364A88%2D454B%2D4E76%2DB95C%2D3161D614550E%7D
 

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Technorati Tags: Adi, American Customer Satisfaction Index, Analog Devices, Bidders, Brl, Customer Satisfaction Index, Housing Starts, Hpq, Investment Business, Lehman Brother, Marketwatch, Nasdaq, Nymex, Producer Prices, Quarterly Result, Semiconductor Firm, Staples, Stock Futures, Wholesale Prices, World Economy