Cleaning & Restoration Breaking News

Stocks Up, Data Shows Inflation in Check

August 17, 2004
/ Print / Reprints /
ShareMore
/ Text Size+
NEW YORK (Reuters) - U.S. stocks gained on Tuesday after two separate economic reports showed inflationary pressure was held in check in July and U.S. housing starts rebounded sharply in the same month.

Home Depot Inc., the world's largest home improvement retailer, was a boost to the Dow and S&P 500 indexes after it posted better-than-expected earnings. Motorola Inc., the world's second-largest mobile phone maker, also helped markets after it said it expects to sustain strong sales growth in the second half of 2004.

Crude oil futures eased but still remained above $45 per barrel. Though the price of crude has slid in recent days, it is not far off from its 21-year high hit on Monday.

In economic news, U.S. consumer prices dropped in July for the first time in eight months as a sharp run up in energy costs reversed, the government said in a report showing underlying inflation pressures largely in check. The consumer prices index, or CPI, is the most widely used gauge of U.S. inflation.

U.S. housing starts rebounded sharply in July, making up almost all the ground lost in a June slump by posting their largest monthly percentage gain since September 2002, a separate report from the Commerce Department showed.

Also, U.S. industrial output advanced in July, as American factories operated at their highest capacity in more than three years, a third report said.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

1/27/15 2:00 pm EST

Grow Your Business and Improve Operations with New Payment Technology

Attend this free webinar to learn how new developments in payment technology can help you close more jobs, increase upselling opportunities and improve operations.

Podcasts

While winter is considered the "slow season" for carpet cleaners, it can also be a season of great opportunity. In this episode of The Hitman Advertising Show, John Braun offers advice for keeping revenue consistent during the cold weather months so you're thriving - and not just surviving - the winter.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2015 Jan/Feb

The Jan/Feb ICS issue features content on cleaning services during the winter time, commercial cleaning, rug cleaning, new with rugs, marketing for restoration and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive

THE ICS STORE

FinalCover.gif
The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.png

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view