US Stocks: Tuesday's unofficial close

14 Jun, 2006

US stocks fell in volatile trading on Tuesday as inflation data added to concerns that the Federal Reserve would raise interest rates for the 17th consecutive time in June.
Investors searching for undervalued shares after weeks of selling helped to offset the concerns, but many were hesitant to make bets before the Consumer Price Index report on Wednesday.
The Dow Jones industrial average was down 30.89 points, or 0.29 percent, at 10,761.69. The Standard & Poor's 500 Index was down 4.96 points, or 0.40 percent, at 1,231.44. The Nasdaq Composite Index was down 5.31 points, or 0.25 percent, at 2,086.01.

Read Comments