Stocks Finish Lower As Rate Worries Persist
Telegraph - Herald (Dubuque) › February 18, 2006
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Summary
NEW YORK (AP) - A late-day selloff left stocks modestly lower Friday as weakening consumer confidence and a rise in wholesale prices prompted investors to take profits and pause from Wall Street's recent rebound. The major indexes gained for the week.
The market's losses were also fed by soaring energy prices and a meager profit forecast from Dell Inc. Also, the upswing in the producer price index - seen as a precursor to consumer-level inflation - once again sparked concerns about more interest rate increases, a day after one Federal Reserve member said the central bank was nearing an end to its string of rate hikes.See the full content of this document
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Stocks Finish Lower As Rate Worries Persist
"The PPI number is one data point t...
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