Stocks Slip after economic earnings data

[kst$]

Everything is being controlled by Oil.. Is that really what we want Our Country to stand for.

Stocks slip after economic, earnings data

By MADLEN READ,
AP
Posted: 2008-04-15 12:53:45
NEW YORK (AP) - Wall Street gave up early gains and was little changed Tuesday as investors digested a mix of news: rising inflation amid record-high oil prices, uneven first-quarter earnings and a surprising rebound in New York manufacturing.

After a recent spate of disappointing readings on the economy, investors were pleased the New York Federal Reserve reported that regional manufacturing expanded modestly in April, after shrinking at a record clip in March. Economists, on average, had been expecting another contraction.

And in a positive sign for earnings,