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Market Update : 
Interest Rates Weigh on Sentiment
Author: Elena Todorova
123jump.com
Last Update: 9:20 AM EDT June 08 2006


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Stock futures pointed to a weak opening after the ECB raised interest rates, reinforcing an upward trend in global rates. In earnings news, H&R Block, tax-preparation company, reported Q4 net income of $1.77 a share, 4% below a year ago when the company earned $1.83 a share. BMC Software, enterprise management software firm, reported Q4 net profit more than quadrupled to 31 cents a share, from 7 cents a year ago.

 

 

 
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