Dow nosedives

Wall Street nosedived today after an upswing in consumer prices intensified US investors’ fears that the Federal Reserve will extend its nearly two-year string of interest rate increases.

Dow nosedives

Wall Street nosedived today after an upswing in consumer prices intensified US investors’ fears that the Federal Reserve will extend its nearly two-year string of interest rate increases.

The Dow Jones industrial average suffered its biggest one-day loss in three years, and the Nasdaq composite index turned negative for 2006.

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