By: Jainelly Fernández Urdaneta/Panorama Digital
Saturday, Jun 03, 2006 |
Reuters
June 6, 2006 NEW YORK - The Dow Jones industrial average fell below the psychologically key 11,000 level for the first time in three months as U.S. stocks extended their fall amid worries that the Federal Reserve will keep raising interest rates.
Investors fear that higher rates would slow the economy and hurt corporate profits. A break below 11,000, which was a key near-term support level, could trigger additional weakness in the index, according to technical analysts. The Dow Jones industrial average was down 49.22 points, or 0.45 percent, at 10,999.50. The Standard & Poor's 500 Index was down 5.10 points, or 0.40 percent, at 1,260.19. The Nasdaq Composite Index was down 13.66 points, or 0.63 percent, at 2,155.96. |
www.chinaview.cn 2006-06-06 07:20:43
|
TheStreet.com
6/5/2006 Federal Reserve Chairman Ben Bernanke said Monday that core inflation in the U.S. economy is at or above an acceptable ceiling, even as signs of an economic slowdown multiply.
In remarks at a Washington monetary conference, Bernanke noted that core inflation as measured by the consumer price index was 3.2% over the last three months and 2.8% over the last six months. As measured by the price index of the personal consumption expenditures report, core inflation is up 3% over three months and 2.3% over six, he said. "These are unwelcome developments," Bernanke said. |
AP
June 5, 2006 WASHINGTON - The average U.S. retail price of gasoline rose by more than 2 cents last week to $2.89 a gallon.
The federal Energy Information Administration said Monday that U.S. motorists paid $2.892 a gallon on average for regular grade last week, an increase of 2.5 cents from the previous week. Pump prices are 77.6 cents higher than a year ago. |
www.chinaview.cn 2006-06-06 06:07:51
|
By Jui Chakravorty
Reuters June 6, 2006 |
NEW YORK, June 6 (Reuters)
|
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