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blue chips poised for second worst dive Blue chips poised for...

  1. trader_10
    17,894 Posts.
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    18/05/06
    03:37
    Post #: 1569683
    blue chips poised for second worst dive Blue chips poised for 2006's second-worst dive

    Stocks tumble; Dow logs 200-point drop
    Stronger-than-expected inflation hits hopes for pause in rate hikes


    NEW YORK (MarketWatch) -- U.S. stock losses accelerated Wednesday afternoon after a stronger-than-expected rise in consumer prices in April cut the odds that the Federal Reserve will use its June monetary-policy meeting to signal a pause in interest-rate increases.
    Hewlett-Packard, however, was a bright spot within the Dow Jones Industrial Average, after the computer and printer maker posted strong quarterly earnings.

    http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B17D1B7BC%2D52A1%2D4EF8%2D9215%2D7BAECAB2C98F%7D&siteid=mktw&dist=
    DOW Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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