Updated at 12:03 p.m., Thursday, August 30, 2007
Stocks end mixed over weak economic data
Associated Press
Stocks zigzagged Thursday to end mixed as investors mulled weaker-than-expected economic data and tried to determine whether an interest rate cut from the Federal Reserve is in the offing. Investors awaited a speech from Fed Chairman Ben Bernanke, who is scheduled to speak Friday at the central bank's annual conference. Commerce Department figures showing second-quarter gross domestic product grew 4.0 percent — its fastest pace in more than a year — proved nonetheless disappointing to some investors. It suggested business investment, not consumer spending, stirring concerns about the stability of corporate profits.
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