Saturday, May 13, 2006

U.S. Stocks Fell Sharply


Ragging Bull About the Market Posted by Picasa


Business Update

May 12 - U.S. stocks fell sharply for the second straight day as a report stoked fears the Federal Reserve will have to keep raising rates in order to keep inflation in check.
The Dow tumbled 119 points to 11,380. The Nasdaq dropped 1.2 percent to 2,243.
Crude oil fell $1.28 to settle at $72.04.

Conway G. Gittens reports from New York.


NASDAQ Posted by Picasa

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