US stocks slump

Stocks resumed their slide today as concerns about rising inflation trumped a raft of upbeat quarterly reports, including better-than-expected results from Caterpillar and Intel.

US stocks slump
Wed, 20 Apr, 2005 - 22:45

Stocks resumed their slide today as concerns about rising inflation trumped a raft of upbeat quarterly reports, including better-than-expected results from Caterpillar and Intel.

The Dow Jones industrial average lost more than 115 points, settling just a whisper above the 10,000 mark.

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CourtsBusinessHeathrowPlace: USPlace: ClevelandPlace: BostonPerson: Brian PearsPerson: Arthur HoganEvent: BeigeOrganisation: CaterpillarOrganisation: IntelOrganisation: Federal ReserveOrganisation: Victory Capital ManagementOrganisation: DowOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: FedOrganisation: Labour DepartmentOrganisation: CPIOrganisation: Jefferies & Co.Organisation: AmericaOrganisation: Wall StreetOrganisation: Yahoo
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