The EconomyThe Labor Department said non-farm productivity slipped 0.9% in the second quarter, disappointing expectations for an uptick of 0.1%. That compares with previous growth of 3.9%. Unit labor costs, meanwhile, inched 0.2% higher in the second quarter after dropping 3.7% previously. Economists had been anticipating stronger growth of 1.4%, according to Briefing.com. The Department of Commerce said
|Federal Reserve Board Chairman Ben Bernanke|
Company NewsAfter the bell, Walt Disney ( DIS) said it earned 67 cents a share during the third quarter on $10 billion in revenue, easily topping estimates on both fronts. The Dow's biggest laggards included Intel ( INTC), Alcoa ( AA), Microsoft ( MSFT) and Travelers ( TRV). Meanwhile, Merck ( MRK), Procter & Gamble ( PG), Pfizer ( PFE) and American Express ( AXP) topped the list of blue-chips ending in positive territory.
Commodities and the DollarCrude