Wall Street; Inflation Worries Pressure Stocks
Telegraph - Herald (Dubuque) › February 03, 2006
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Summary
NEW YORK (AP) - Investors concerned about inflation after a surprise jump in labor costs sent stocks skidding lower Thursday, with unfounded rumors of a terror threat compounding the selling.
Wall Street worried that the Labor Department's productivity data, which showed a 2.4 percent jump in unit labor costs, was a harbinger of inflation, since that meant companies were paying more for less-productive workers.See the full content of this document
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Wall Street; Inflation Worries Pressure Stocks
Stocks took a sharp di...
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