The government's monthly reports on orders for durable goods and existing home sales showed surprising surges. The markets, ever sensitive to signs of economic overheating that could trigger interest rate rises, fell: In midafternoon trading, the Dow was down 58.70 to 7848.01. The Nasdaq was down 8.52 to 1678.89.
Reports Hot, Markets Cold
The government's monthly reports on orders for durable goods and existing home sales showed surprising surges. The markets, ever sensitive to signs of economic overheating that could trigger interest rate rises, fell: In midafternoon trading, the Dow was down 58.70 to 7848.01. The Nasdaq was down 8.52 to 1678.89.
