Wednesday, June 6, 2007

US STOCKS-Inflation fear drives major indexes down 1 percent

(Reuters) - NEW YORK, June 6 - U.S. stocks slid sharply for a
second day on Wednesday after data showing higher-than-expected
labor costs stoked fears that inflation and rising interest
rates will harm corporate profits.




Energy stocks were the heaviest drags on the S&P 500 after
government data showed gasoline stockpiles rose by more than
analysts had forecast.


Read more at Reuters.com Bonds News

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