Wednesday, April 11, 2007

U.S. Stocks Slide After Fed Minutes Say Economy Is Slowing, Rates May Rise

(Bloomberg) -- U.S. stocks posted their first decline this month after the Federal Reserve said the economy may slow without curbing inflation, raising the specter of higher interest rates.

General Motors Corp., Wal-Mart Stores Inc. and International Business Machines Corp. led the Dow Jones Industrial Average to end its longest streak of gains since 2003. Citigroup Inc. and Bank of America Corp. sent financial shares tumbling.


Read more at Bloomberg

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