Investment Figures Of The Week
COMMENTARY U.S. equities staged a broad though not especially enthusiastic recovery. The Dow Jones industrial average ended four straight days of gains by closing on June 14 above 3800, as investors were cheered by upbeat inflation tidings. Bond prices rose on that day as well. But the news that consumer prices rose a mere 0.2% in May failed to sustain the markets on June 15. Stock prices declined and commodity prices rose, as traders wagered that the Federal Reserve may again boost short-term interest rates.
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