Interest rate fears lead to Dow slump

US investors succumbed again to interest rate fears today, sending stocks tumbling after the US government reported blistering job growth in April that far exceeded Wall Street’s expectations.

Interest rate fears lead to Dow slump
Fri, 07 May, 2004 - 23:13

US investors succumbed again to interest rate fears today, sending stocks tumbling after the US government reported blistering job growth in April that far exceeded Wall Street’s expectations.

The Dow Jones industrial average skidded more than 120 points or 1.2%, to 10,117.34.

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CourtsBusinessHeathrowPlace: USPerson: Chris ConkeyOrganisation: US governmentOrganisation: Wall StreetOrganisation: Federal ReserveOrganisation: Evergreen InvestmentsOrganisation: FedOrganisation: DowOrganisation: New York Stock ExchangeOrganisation: Nasdaq
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