Friday, May 18, 2007

US stocks dip as rate-cut hopes fade; Intuit up late

(Reuters) - U.S. stocks edged lower on Thursday as an upbeat report on business conditions in the mid-Atlantic region, coupled with data suggesting strength in the job market, signalled a reduced chance of interest-rate cuts.

Shares of interest-rate sensitive plays, including banks, declined.


Read more at Reuters Africa

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