Rates jitters still plague market

WALL Street stocks slid yesterday as interest rates rose in bond trading amid jitters that this week's stream of new US economic…

WALL Street stocks slid yesterday as interest rates rose in bond trading amid jitters that this week's stream of new US economic data might upset an optimistic outlook for inflation.

The Dow Jones fell back below the 6000 mark again after shedding an early 36 point advance.

The market spotlight was on this week's economic reports, which include key readings on US employment costs, the manufacturing sector, and the nation's overall third quarter growth.

The Standard and Poor's 500 stock index fell 3.67 to 697.25, and the NYSE's composite index fell 2.28 to 370.98.

The Nasdaq composite index fell 6.70 to 1215.90, and the American Stock Exchange's market value index fell 3.24 to 566.55.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up to the Business Today newsletter for the latest new and commentary in your inbox

  • Listen to Inside Business podcast for a look at business and economics from an Irish perspective