Stocks dropped in early trading as investors reacted to rising interest rates in the U. S. while the Bank
RisingWorld
2017-06-16
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Stocks dropped in early trading as investors reacted to rising interest rates in the U. S. while the Bank
of England came unexpectedly close to raising U. K. interest rates for the first time in 10 years.
NEW YORK — U. S. stocks fell Thursday as technology firms and small companies skidded.
But industrial companies rose on new signs U. S. manufacturing has steadied, and utilities and real estate companies did well.
On Wednesday the Federal Reserve raised U. S. interest rates for the third time in about six months,
and suggested it will raise rates again later this year.
The Russell 2000 index of small-company stocks fell 7.49 points, or 0.5 percent, to 1,410.08.
of England came unexpectedly close to raising U. K. interest rates for the first time in 10 years.
NEW YORK — U. S. stocks fell Thursday as technology firms and small companies skidded.
But industrial companies rose on new signs U. S. manufacturing has steadied, and utilities and real estate companies did well.
On Wednesday the Federal Reserve raised U. S. interest rates for the third time in about six months,
and suggested it will raise rates again later this year.
The Russell 2000 index of small-company stocks fell 7.49 points, or 0.5 percent, to 1,410.08.
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