While you were sleeping Equities in a holding pattern

Wed, 15 Aug 2012

By Margreet Dietz Aug 16 (BusinessDesk) - Wall Street was mixed after a report showed a surprise contraction for manufacturing in the New York area in August. Separate reports showed that industrial production increased more than expected in July, while home-builder sentiment in August climbed to the highest level in more than five years. And the consumer price index was steady in July for a second month, defying expectations for an increase – and leaving open the door for the US central bank to provide fresh stimulus to the economy. In lat...

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