Stocks dropped early in trading Thursday after the government reported that the number of people seeking unemployment benefits rose to a seven-year high and that orders for manufactured goods dropped by 4 percent in August.

Apr 30

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In a smaller move than in past months, the Federal Reserve cut a key interest rate by a quarter percentage point Wednesday in what could be the last in a line of reductions aimed at boosting an economy hit hard…

New home sales plummeted last year by the largest amount on record while home prices fell sharply in December. Analysts foresee more trouble this year as the housing market tries to emerge from its worst slump in 20 years.

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