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Published: Thursday 19 September, 2013

women clothing stores online women clothing stores online ?Stocks Fall as Data Shows Manufacturing Growth Slowdown

in New York, paring an earlier tumble of as much as 1.3 percent. The Dow fell 70.08 points, or 0.7 percent, to 10,296.64.

Weve got good corporate earnings coming in, but the market is afraid this is the best its going to be if the economy rolls over, said Richard Campagna, chairman of 300 North Capital LLC in Pasadena, California, which manages $600 million.

The S 500 halted a sixday rally yesterday afte women clothing stores online r Intel Corp.s record profit forecast was overshadowed by a drop in retail sales and the Federal Reserves assessment that the economy has softened. The S 500 rebounded 7.1 percent from a 10month low on July 2 through yesterday amid optimism about secondquarter results. Analysts predict earnings in the S 500 grew 34 percent last quarter, according to Bloomberg data.

The New York Feds index dropped to 5.1, lower than the median forecast of 18 in a Bloomberg News survey of economists. Readings greater than zero signal expansion in a region including New York, northern New Jersey and southern Connecticut. The Philadelphia Feds, covering eastern Pennsylvania, southern New Jersey and Delaware, fell to 5.1 from 8.0. Economists forecast the measure would rise to 10, the median projection in a Bloomberg News survey.

General Electric, the worlds biggest maker of jet engines, powerplant turbines and medicalimaging equipment, fell 1.5 percent to $14.98. 3M, the maker of 55,000 products from Postit Notes to Scotch tape, dropped 1 percent to $82.25.

The manufacturing reports overshadowed the Labor Departments weekly tally of new claims for unemployment insurance benefits, which declined more than estimated. Initial jobless claims dropped by 29,000 to 429,000 in the week ended July 10, the fewest since August 2008. The government anticipates an increase in temporary factory layoffs in early July that did not occur this year, a Labor Department spokesman said.

JPMorgan Chase fell 0.6 percent to $40.09 after rising as much as 1.2 percent. bank posted a 76 percent rise in secondquarter profit to $4.8 billion, or $1.09 a share, beating an average estimate for adjusted earnings of 71 cents, according to a Bloomberg survey. Net income benefited from a $6.3 billion reduction in provisions for soured mortgages and creditcard loans from last year.

Revenue declined to $25.6 billion in the second quarter from $27.7 billion in the same period last year and from $28.2 billion in the first three months of 2010.

Many investors coming into JPMorgans earnings today were expecting decent earnings driven by better credit, said Steven Neimeth, a money manager at SunAmerica Asset Management Corp. in Jersey City, New Jersey, which oversees $38 billion. Senate today moved to end debate on a broad rewrite of financialindustry regulations, women clothing stores online setting the stage for a final vote that will send the measure to President Barack Obam women clothing stores online a to be signed into law. The final vote that may come as soon as today. to provide $700 billion in bailout funds for companies including New Yorkbased insurer American International Group Inc.

Investors are extrapolating that the rebound in earnings expected for the financials may not be as dramatic as people had hoped, Neimeth said. In addition, investors continue to be unclear on how financial regulation will impact financials earnings. women clothing stores online