WRAPUP 2-US construction, factory activity show declines | News | Market News | Reuters

WRAPUP 2-US construction, factory activity show declines | News | Market News | Reuters: "WRAPUP 2-US construction, factory activity show declines Thu Aug 16, 2007 1:13PM EDT Email | Print | Digg | Reprints | Single Page | Recommend (0) [-] Text [+] Market News Construction stocks fall on credit fears Apple shares fall 7 percent amid market declines Gold, silver tumble on weak equities, credit woes More Business & Investing News... Featured Broker sponsored link Money Center Power. Price. Service. No Compromises. (Adds Philly Fed report, fresh comment) By Herbert Lash NEW YORK, Aug 16 (Reuters) - Groundbreaking on new homes slid to the slowest pace in more than 10 years in the United States during July and factory activity in the Mid-Atlantic region stagnated in August, government reports showed on Thursday. The slack economic data deepened Wall Street's recent malaise, with the Philly Fed report extending steep losses on U.S. stock markets and triggering downside trading curbs on the New York Stock Exchange. The blue-chip Dow Jones industrial average has now fallen more than 10 percent from its record closing high in July. In another sign of a slowdown, the number of U.S. workers seeking jobless benefits rose in the latest week, although the weekly figure is prone to fluctuations. Housing starts, however, followed the longer-term trend of the declining "