Market slides as rates push stocks lower again
New York stocks fell for the third straight session as fears of rising long term rates weighed on trading. The Dow industrials drifted into negative territory while the NYSE composite and the broader market logged losses amid mixed earnings chatter and investor caution.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
New York Stock Exchange
Gaitars
Market drift as recession weighs on profits and bonds
Stock investors weigh recession driven profits and a wary bond market. Treasury officials caution rates may dip below 8 percent but could rise again if inflationary pressures grow. Data General and Digital Equipment shares fluctuated with mixed gains as the NASDAQ and Amex indices showed modest moves.
MENTIONED IN THIS ARTICLE
Treasury
Liam Simon
ERM
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