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Manufacturing Stats Send Dow Down 187

Manufacturing, housing demand reports disappoint
By Nick McMaster,  Newser Staff
Posted Jun 15, 2009 3:18 PM CDT

(Newser) – Stocks fell today as a sharp monthly decline in the New York Fed’s manufacturing index hammered the materials, industrial, and energy sectors, the Wall Street Journal reports. Alcoa fell 6.3%, with Caterpillar, John Deere, and GE also down. In housing, the National Association of Home Builders’ index of demand for real estate unexpectedly fell in June. The Dow lost 187.13 points to settle at 8,612.13. the Nasdaq fell 42.42 to 1,816.38, while the S&P 500 closed down 22.49 at 923.72.
(Read more Dow Jones stories.)

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