Wednesday, June 20, 2007

US STOCKS-Indexes slip as rising yields spur rate worry

(Reuters) - NEW YORK, June 20 - U.S. stocks slipped on
Wednesday as a rise in benchmark Treasury bond yields rekindled
concern that higher interest rates would cut into corporate
profits.




Worries about higher interest rates overshadowed news of
Home Depot Inc.'s plan for a $22.5 billion share buyback
and a report of a stronger-than-expected profit at Morgan
Stanley .


Read more at Reuters.com Market News

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