Thursday, May 10, 2007

US STOCKS-Indexes plunge on economic woes, weak retail sales

(Reuters) - NEW YORK, May 10 - U.S. stocks fell sharply on Thursday as disappointing April chain-store sales and a widening trade deficit raised concerns about the economy's outlook a day after the Federal Reserve reiterated their unease about inflation.

Market participants also noted the temptation for investors to lock in profits given the strong run of recent sessions. The Dow is up nearly 8 percent in the last three months, followed closely by the S&P 500, with a 6.5 percent rise in the period.


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