(Reuters) - 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 Africa
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 Africa
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