S&P To Investors: Hot Sector Funds Cool Off Quickly

June 27, 2003 ( - The percentage of new bond funds among all mutual funds issued in 2003 rocketed up to 32% from just 15% in 2000, as fund companies continue to chase the hottest sectors in the market in hopes of catching investor dollars.

Mass Layoffs Down A Bit in May

June 26, 2003 ( - US employers underwent 1,699 mass layoffs in May 2003 involving 173,784 people, according to new data from the US Department of Labor's Bureau of Labors Statistics (BLS).

Stock Funds Continue to Draw $$ in May

June 26, 2003 ( - Domestic equity mutual funds matched a strong performance with a $12.6 billion inflow of funds in May, according to the Investment Company Institute (ICI).

Fed Slashes Rates to Four Decade Lows

June 25, 2003 ( - Admitting that the US economy "has yet to exhibit sustainable growth," the US Federal Reserve Wednesday slashed the trend-setting federal funds rate by 0.25% to its lowest level in 45 years.

Jobless Claims Fall But Still Show Sluggish Market

June 19, 2003 ( - Fewer people are being forced to join the queue for those needing first-time jobless benefits, but the number of initial unemployment claims has stubbornly stayed above a recessionary benchmark for more than four months.

Russell Indexes Stirred, Not Shaken by Reconstitution

June 16, 2003 ( - Frank Russell Company has posted its preliminary lists of companies that will join or leave the broad-market Russell 3000 Index when the firm reconstitutes its family of 21 unmanaged US equity indexes this month.

Jobless Claims Drop in More Good Job Market News

June 12, 2003 ( - The light at the end of the tunnel when it comes to the ailing US job market continued to get brighter as the number of unemployed workers applying for first-time jobless benefits dropped.

Jobless Rate Up But Payroll Data Improves

June 6, 2003 ( - As widely expected by economists, the nation's May unemployment rate jumped to 6.1% - its highest level since the summer of 1994, the government announced.