Fwd: DAI: Massive rout spells trouble for Wall Street

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	08/2/2011
Good evening John LATEST NEWS Massive rout spells trouble for Wall Street NEW YORK (Reuters) - The S&P 500 turned negative for the year on Tuesday as the wrangling over the U.S. debt ceiling faded and investors turned their attention to the stalling economy. | Full Article Fitch keeps U.S. AAA rating, review ongoing August 02, 2011 02:18 PM ET NEW YORK (Reuters) - Fitch Ratings upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts that will help avoid a U.S. default, but warned that the world's largest economy must reduce its debt burden or face a downgrade. | Full Article U.S. avoids default but fails to dispel economy fears August 02, 2011 04:34 PM ET WASHINGTON (Reuters) - The United States stepped back from the brink of default on Tuesday but congressional approval of a last-gasp deficit-cutting plan failed to dispel fears of a credit downgrade and future feuds over taxes and | Full Article Faltering consumer spending to weigh on growth August 02, 2011 03:25 PM ET WASHINGTON (Reuters) - Consumer spending dropped in June for the first time in nearly two years and incomes barely rose, signs the economy lacked momentum as the second quarter drew to a close. | Full Article Fed might mull easing, but no action seen August 02, 2011 03:55 PM ET WASHINGTON (Reuters) - Pressure will build among Federal Reserve policymakers at a meeting next week for measures to pep up a stumbling recovery with a stronger commitment to rock-bottom interest rates. | Full Article US TOP NEWS White House: Obama has signed deficit bill into law August 02, 2011 03:23 PM ET WASHINGTON (Reuters) - President Barack Obama has signed a deficit-reduction measure into law to cut spending and raise the U.S. debt ceiling and avert an unprecedented default, the White House said on Tuesday. | Full Article Italy under fire in widening euro debt crisis August 02, 2011 03:34 PM ET ROME (Reuters) - Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the euro area danger zone and prompting emergency consultations in Rome and among European capitals. | Full Article Analysis: West's mid-life crisis points to power shift east August 02, 2011 02:44 PM ET NEW YORK/SINGAPORE (Reuters) - The world's industrialized nations, burdened with aging populations and deeply in debt, face years of slow economic growth that could speed the shift of economic clout to the East. | Full Article Eleventh arrest in UK tabloid hacking scandal August 02, 2011 03:20 PM ET LONDON (Reuters) - Stuart Kuttner, managing editor of the News of the World for 22 years, was arrested and later freed on bail on Tuesday over a phone-hacking scandal at the now-defunct tabloid that has rattled Britain's establishment, a source close to the case said. | Full Article Auto sales tick up but consumer doubts persist August 02, 2011 02:36 PM ET DETROIT (Reuters) - Major automakers posted July U.S. sales that ticked higher from the slump of recent months, but failed to dispel doubts about the strength of the economy and the mood of American consumers. | Full Article HEALTH NEWS Salmonella linked to turkey sickens dozens, one dead Report questions "offshoring" in U.S. heart studies Pockets of high radiation remind of Fukushima plant danger Canadian HIV murderer faces indefinite prison term Stool test good for catching colon cancer: study RELATED VIDEO Breakingviews: McGraw-Hill should split; Kirin late to party PayNet releases June small business lending data Obama says more needed to boost economy A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. » MORE NEWSLETTERS ODDLY ENOUGH Bra chain record comes apart at the seams Full Article To start life afresh, Thais "practice" death Rate your priest on new Website Drunk father lets 8-year-old son drive pickup? Lingerie shops drag feet on deadline to hire women - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend