Stocks Tumble on Inflation Worries
Wednesday brought fresh misery to the stock market's not-so-merry month of May as major indexes finished broadly lower on heavy trading volume. Investors headed for the exits after a surprisingly firm inflation report which fanned fears of higher interest rates. The data overshadowed strong quarterly results from technology bellwether Hewlett-Packard (HPQ), says Standard & Poor's Equity Research.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.