Wholesale prices jump sees US stocks fall

A huge jump in wholesale prices sent stocks falling in the United States today as investors worried that rising oil prices were starting to take a toll on the overall economy.

Wholesale prices jump sees US stocks fall
Tue, 16 Nov, 2004 - 22:01

A huge jump in wholesale prices sent stocks falling in the United States today as investors worried that rising oil prices were starting to take a toll on the overall economy.

Mediocre earnings reports from retailers, including Wal-Mart Stores Inc., also pressured the market.

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CourtsBusinessHeathrowPlace: USPlace: United StatesPerson: Brian BelskiPerson: Chris JohnsonOrganisation: Wal-Mart Stores Inc.Organisation: Wall StreetOrganisation: Labor DepartmentOrganisation: Piper JaffrayOrganisation: DowOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: Schaeffer’s Investment ResearchOrganisation: Wal-MartOrganisation: Home Depot IncOrganisation: Home DepotOrganisation: Staples Inc.Organisation: Fannie MaeOrganisation: New York Stock Exchange
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