(Reuters) - NEW YORK, June 5 - U.S. stocks fell on Tuesday
after signs of strength in the services sector and comments
from Federal Reserve Chairman Ben Bernanke all but eliminated
expectations of an interest rate cut this year.
Housing-related stocks were among the biggest decliners
after Bernanke said the building slowdown is likely to drag on
longer than expected. Also weighing were profit warnings from
home goods retailer Bed Bath & Beyond Inc. and kitchen
cabinet maker American Woodmark Corp.
Read more at Reuters.com Bonds News
after signs of strength in the services sector and comments
from Federal Reserve Chairman Ben Bernanke all but eliminated
expectations of an interest rate cut this year.
Housing-related stocks were among the biggest decliners
after Bernanke said the building slowdown is likely to drag on
longer than expected. Also weighing were profit warnings from
home goods retailer Bed Bath & Beyond Inc. and kitchen
cabinet maker American Woodmark Corp.
Read more at Reuters.com Bonds News
No comments:
Post a Comment