U.S. stocks slide before Fed

11:46 am ET Aug 7, 2007

DJIA

13,445

-23.25

S&P

1,467

+0.02

NASDAQ

2,542

-4.73

10Yr

4.74%

+0.008

U.S. stocks slide before Fed

NEW YORK
Stock prices declined Tuesday, shifting gears again after the prior
day's rally, after the government reported increased labor costs and
lower-than-forecast productivity in the last quarter and investors
looked for calming words from the Fed.
The Fed: Decision day for Bernanke; all eyes on Fed statement

WASHINGTON
The Federal Reserve faces an important decision at their policy meeting
Tuesday: whether and how to address the fears of a broad credit crunch
from the turmoil in the mortgage market.

Economic Report: U.S. productivity weaker than expected in second
quarter

WASHINGTON
The latest figures on output in the U.S. workplace show a mix of slower
productivity growth and upward pressures on wages, painting an
unpleasant picture for the Federal Reserve.