Thursday, June 7, 2007

US indexes fall as bond yields climb higher

(Reuters) - U.S. stocks stumbled on Thursday after benchmark Treasury debt yields rose above 5 percent, taking a toll on rate-sensitive shares like utilities and home builders.

Losses on the S&P and Nasdaq indexes were limited by strength in Apple Inc. and Google Inc., which rose to all-time highs, after positive remarks on tech stocks by television commentator James Cramer.


Read more at Reuters Africa

No comments: