Wednesday, May 10, 2006

Markets Mixed As Fed Boosts Rates

The markets closed mixed as the Federal Reserve boosted interest rates by another quarter percentage point. The Dow added 3 points to 11,643 while Nasdaq dropped 18 points to 2,321. S&P 500 lost 2 points to 1,323. The 30-year bond rose as the yield eased to 5.188%.

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