Friday, June 16, 2006

Interest Rate Concerns Send Markets To Lower Close

The markets ended the session modestly lower as investors continued to fret over inflation and higher interest rates. The Dow slipped a point to 11,015 while Nasdaq dropped 14 points to 2,130. S&P 500 lost 5 points to 1,252. The 30-year bond eased as the yield rose to 5.172%.

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