US stocks continue decline

Wall Street’s 2005 slump extended into a third session today as renewed concerns about inflation and higher interest rates sapped confidence from buyers.

US stocks continue decline
Wed, 05 Jan, 2005 - 22:39

Wall Street’s 2005 slump extended into a third session today as renewed concerns about inflation and higher interest rates sapped confidence from buyers.

Investors were still digesting the latest news from the Federal Reserve’s Open Market Committee, which sent stocks tumbling yesterday when it released the minutes of its December 14 meeting.

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