Economic weakness widespread-Fed

September 03, 2008

U.S. business conditions were weak, soft, and subdued, according to the Federal Reserve's latest summary of economic conditions. On Wall Street, the Dow rose 15 points to 11,532. The S&P 500 dipped 2 points to 1,274. The Nasdaq lost 15 points to 2,333. Crude oil fell 36 cents to $109.35 a barrel. Speaker: David Whiston, equity auto analyst, Morningstar Conway Gittens reports from New York.