Tuesday, May 22, 2007

US stocks little changed; oil off recent high

(Reuters) - U.S. stocks were little changed on Tuesday as weak quarterly results of retailers offset gains in casino shares on deal speculation, and Treasury debt prices slipped as expectations for a Federal Reserve rate cut waned.

The dollar hovered near a three-month peak against the yen and close to a six-week high against the euro on the view that stronger-than-expected U.S. economic data in recent weeks may convince the Fed to leave interest rates at 5.25 percent.


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