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Wednesday, May 16, 2007

Stocks Hold Steady, Despite Signs of Cooling

S&P – Stocks finished mixed after rallying in early trading on lower CPI data. Stock traders initially took the news as a sign that the Fed may move away from a tightening bias. In addition to poor corporate earnings, many traders were hit with the realization that a slowing economy is heavily influencing the tame inflation data. Read More.....