WALL Street stocks recovered from steeper losses yesterday as interest rates backed away from 13 month highs, but inflation wary investors remained non committal.
Broad market indexes were lower too. Technology shares suffered the worst losses amid profit taking on Wednesday's semi conductor rally and a negative outlook by a leading computer hardware company.
The commerce department reported that retail sales rose 0.8 per cent to 5205.5 billion in May, the third advance in four months.
Declining issues outnumbered advancers by about 13 to nine on the New York Stock Exchange, with 952 up, 1,364 down and 836 unchanged.
The NYSE's composite index fell 0.59 to 358.09, and the Standard and Poor's 500 stock index fell 1.12 to 667.92.
The Nasdaq composite index fell 8.78 to 1,226.70, and the American Stock Exchange's market value index fell 0.82 to 596.73.
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