Industrial Output Plunges in Aprilmore similar news »
Industrial production dropped 0.7 percent last month, more than double the decline that economists had expected, reflecting big cutbacks in autos and other industries.
Stocks Advance After Economic Reportsmore similar news »
Wall Street moved higher after a batch of reports pointed to an economy that is hurting, but not as badly as many investors expected after the near-collapse of the mortgage market.