Factory Orders Might Pinch Industrial ETFs
October 02, 2008 at 14:00 PM EDT
Exchange traded funds (ETFs) and stocks are down sharply this morning as more downbeat economic news trickled in on two fronts: factory orders and unemployment. Factory orders are down more than what had been forecast, by 4%. It was the biggest drop in two years, says Timothy R. Homan for Bloomberg. The decline is partially a [...]