Inflation fears send US stocks plunging

Inflation fears sent stocks plunging in the United States today as jitters over high oil prices exacerbated signals that the Federal Reserve will keep lifting interest rates to contain price increases.

Inflation fears send US stocks plunging
Mon, 05 Jun, 2006 - 23:11

Inflation fears sent stocks plunging in the United States today as jitters over high oil prices exacerbated signals that the Federal Reserve will keep lifting interest rates to contain price increases.

The Dow Jones industrial average sank nearly 200 points.

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CourtsBusinessHeathrowPlace: United StatesPlace: Gulf CoastPlace: SingaporePerson: ChairmanPerson: Ben BernankePerson: BernankePerson: Steve NeimethPerson: Scott FullmanPerson: FullmanOrganisation: Federal ReserveOrganisation: FedOrganisation: AIG SunAmericaOrganisation: IranOrganisation: DowOrganisation: NasdaqOrganisation: Institute for Supply ManagementOrganisation: Hapoalim Securities USAOrganisation: Chevron Corp.Organisation: ConocoPhillipsOrganisation: Dow JonesOrganisation: Exxon Mobil Corp.Organisation: Halliburton Co.Organisation: Harrah’s Entertainment Inc.Organisation: Las Vegas Sands Corp.Organisation: Harrah’sOrganisation: Las Vegas SandsOrganisation: New York Stock Exchange
<p>Under the model, the HCCI said that home care referrals are issued simultaneously to all approved providers, who must respond immediately to secure the allocation.</p>

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