Wednesday, June 06, 2007
U.S. stocks fall sharply on interest rates worries
4:30 pm ET Jun 6, 2007
DJIA
13,465
-129.79
S&P
1,517
-13.57
NASDAQ
2,587
-24.05
10Yr
4.97%
-0.006
U.S. stocks fall sharply on interest rates worries
NEW YORK
U.S. stocks fell sharply Wednesday, with the Dow Jones Industrial
Average posting a loss of more than 100 points, after news that unit
labor costs jumped in the first quarter fueled concerns over inflation,
interest rates and rising bond yields.
Economic Report: White House sees slower growth, but bullish on jobs
WASHINGTON
The U.S. economy will probably slow this year to 2.3% growth, but the
job market should remain healthy, the White House said Wednesday in its
semiannual economic forecast.
