Wall Street ends lower amid inflation fears and volume drop
The Dow Jones Industrial Average tumbled to a two year low as concerns about inflation and high prices weighed on traders. Market breadth was negative with many issues down, Big Board volume eased, and the Dow off about 2% while the NASDAQ composite slid further, signaling broad weakness into the final quarter of the year.
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Treasury bills fall for sixth straight week
Treasury bills declined for the sixth consecutive week, averaging 4.885 percent, the Treasury Department said Monday. The weekly auction yielded the lowest rate since May 14, with a five week pattern leading to a record low August 26. The drop signals savers may shift to bank deposits as short term debt instruments weaken.
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