Inflation, interest-rate fear mute gains - 2005-03-16
Wall Street squeezed out a moderate gain yesterday in a volatile session that saw investors alternating between worries about interest rates and delight in a new wave of merger deals.
However, the gains were checked in by inflation worries that sent stocks falling last week, as Federal Reserve board member Janet Yellen warned that rising interest rates could hurt borrowers. A rise in oil prices also unnerved investors, with a barrel of light crude settling at $54.95, up 52 cents, on the New York Mercantile Exchange.
Read the full story at Seattle Times