Tuesday, June 05, 2007
U.S. stocks fall as Bernanke, data weigh on bonds
11:41 am ET Jun 5, 2007
DJIA
13,611
-65.26
S&P
1,530
-8.65
NASDAQ
2,606
-12.27
10Yr
4.99%
+0.058
U.S. stocks fall as Bernanke, data weigh on bonds
NEW YORK
U.S. stocks fell on Tuesday, after upbeat comments on the economy from
Federal Reserve Chairman Ben Bernanke and better-than-expected
service-sector data reduced hopes that the Fed would cut interest rates,
lifting bond yields to challenging levels.
Economic Report: Services growing at best pace in a year, says ISM
WASHINGTON
The nonmanufacturing side of the U.S. economy grew at the best pace in a
year in May, the Institute for Supply Management reported Tuesday.
