US stocks lower after Greenspan rates signal

US Stocks fell today after three days of gains as investors dealt with the likelihood of interest rates rising significantly higher than expected when the Federal Reserve meets later this month.

Wed, 09 Jun, 2004 - 23:57

US Stocks fell today after three days of gains as investors dealt with the likelihood of interest rates rising significantly higher than expected when the Federal Reserve meets later this month.

Oil prices seemed to be stabilising after reaching 21-year highs in recent weeks, but inflation worries lingered.

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