Tuesday, June 5, 2007

US stock indexes fall as rate cut hopes fade

(Reuters) - U.S. stocks fell on Tuesday after Federal Reserve Chairman Ben Bernanke said inflation risks remain to the upside, suggesting equity investors should not count on an interest rate cut spurring stocks higher in the near future.

Weighing down the Nasdaq index were shares of Bed Bath & Beyond Inc. after the home goods retailer warned late on Monday that it sees first-quarter profit below Wall Street forecasts ID:nN04208082.


Read more at Reuters Africa

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