All three major stock indexes closed lower for the week as the Dow tumbled 1.6%, while the S&P 500 sank 2% and the Nasdaq lost 2.3% for the week. This marks the second consecutive week with the worst declines for the year.
Below are links to the top economics news for the week:
- Consumer sentiment falls in April
- U.S. Rig Count is Down 29 from Last Week at 1,950
- CPI increases 0.3% in March
- U.S. Trade Deficit Registers Significant Contraction
- Weekly Initial Unemployment Claims increase to 380,000
- Real average hourly earnings falls 0.1 percent in March
- Producer Price Index for finished goods was unchanged in March
- Fed’s Beige Book: Economy Expanded At Modest-To-Moderate Pace
- Job Openings Little Changed at 3.5 Million in February
- Houston Economic Update – April 2012
- Small Business Optimism Index declined in March
- Houston Job Growth Tops in the U.S.
- CFO Signals: Quarterly CFO Survey