Wall Street traded slightly lower Wednesday as investors awaited the Senate to vote on the revised version of banking bailout plan.
The U.S. Commerce Department reported that construction activity remained unchanged in August although spending for residential projects saw its first increase in 17 months.
The Institute for Supply Management revealed a troubling drop in new orders. The overall index of manufacturing activity fell to43.5 in September from 49.9 in August.
Warren Buffett's Berkshire Hathaway Inc. unveiled a plan to spent 3 billion U.S. dollars to buy General Electric Co. preferred shares.
Meanwhile, sales of U.S. and foreign automakers tumbled last month amid economic worries, tighter credit, and high gasoline prices.
The Dow Jones average fell 19.59, or 0.18 percent, to 10,831.07.The Standard & Poor's 500 index fell 5.30, or 0.45 percent, to 1,161.06, and the Nasdaq composite index fell 22.48, or 1.07 percent, to 2,069.40.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article