Sobering news on the world front.
NEW YORK (AP) -- More signs of economic weakness triggered a global sell-off in stocks Thursday. The Dow Jones industrial average fell more than 400 points in a return to the wild swings in the market last week....
Among the disappointing U.S. economic news:
-- 408,000 people applied for unemployment benefits last week, up from 399,000 the week before and the most in four weeks.
-- Inflation at the consumer level rose 0.5 percent in July, the highest since March. It had fallen 0.2 percent in June.
-- Manufacturing has sharply weakened in the Philadelphia region, according to a report from the Federal Reserve. Manufacturing had been one of the economy's strongest industries since the recession ended in 2009, but its growth has slowed this year.
-- The National Association of Realtors said the number of people who bought previously occupied homes dropped in July for the third time in four months....
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