Wednesday, June 6, 2007

US STOCKS-Inflation and rate worries batter indexes

(Reuters) - NEW YORK, June 6 - U.S. stocks fell sharply for a
second day on Wednesday after data showing higher-than-expected
labor costs stoked worries about inflation and interest rates.




Energy stocks such as Exxon Mobil Corp. fell and
the sector was among the heaviest drags on the S&P 500 after
government data showed gasoline stockpiles rose more than
analysts had forecast.


Read more at Reuters.com Bonds News

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