Monday, June 4, 2007

UPDATE 1-Profit growth seen slowing, pressuring stocks

(Reuters) - NEW YORK, June 4 - Corporate earnings growth is
expected to slow further in the second and third quarters this
year, which combined with rising bond yields may provide
headwinds for U.S. stocks.




The effect on stocks would be particularly felt if the
yield on 10-year Treasuries pushes well past 5 percent, as it
did a year ago.


Read more at Reuters.com Bonds News

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