Investment Figures Of The Week
U.S. stocks made little progress in the wake of the Fed's Feb.4 move to nudge up short-term interest rates. Especially upsetting to the market was the increase in the rate on 30-year Treasuries--which were supposed to emerge unscathed from the tightening. But the all-important put-call ratio is signaling a new assault on the Dow's 4000 level. Tokyo stocks fell as talks between the U.S. and Japan broke down over excluding U.S. companies from competing in the cellular phone market in Japan.
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