Monday Headlines

Here are some important news items affecting today’s trading:

Consumer spending has its lowest rise in 47 years.

Manufacturing shrank again. The ISM Index is at 35.6. Any reading below 50 is bad.

Semiconductor sales mark first yearly drop since 2001.

Apparently, shoe throwing at world leaders is catch on. This time, it’s Chinese Premier Wen Jiabao’s in Great Britain.

Good news! Wells Fargo (WFC) is paying $371.5 million to government. Taxpayers are starting to see return for their money.

Mattel (MAT) Q4 profit falls by nearly half.

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