FOX First At Ten Business News

Stocks mixed as investors reassess Fed worries

By STEVE ROTHWELLAP Markets Writer NEW YORK (AP) - Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in

Applications for US unemployment aid fall to 340K

By PAUL WISEMANAP Economics Writer WASHINGTON (AP) - The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth. The less volatile four-week average ticked down just 500 to 339,500, the Labor Department

US new home sales up 2.3 percent in April

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening. New-home sales increased 2.3 percent in April from

Stock slump continues on Wall Street

NEW YORK (AP) - A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. The Dow Jones industrial average fell 112 points to 15,191 in early trading Thursday, or 0.7 percent. The Standard &