Wall Street; Stocks Edge Lower On Inflation Fears

Summary

---

NEW YORK (AP) - Investors' concerns over the economy and potential inflation outweighed a sharp drop in oil prices, sending stocks slightly lower Friday. All three major indexes were lower for the week as Wall Street's customary year-end rally stalled.

Wall Street was rattled somewhat by the Labor Department's latest Producer Price Index report, which measures wholesale prices. The PPI rose 0.5 percent in November, far less than October's 1.7 percent rise, but still a troublesome indicator of possible inflation.

See the full content of this document

Extract

---

Wall Street; Stocks Edge Lower On Inflation Fears

The sour mood overshadowed a surprising drop in crude oil futures, which came after OPEC agreed to cut oil production by 1 million barrels per day. The move was designed to keep prices steady, although even with Friday's drop, they remain at historical...

See the full content of this document

---