Author: 123jump.com Staff
123jump.com
Last Update: 5:26 PM EST March 02 2006
Market tone in the early morning was set by rising interest rates in Europe and fear that Japan may soon follow the global trend of rising interest rates. The February retail sales did not impress the market. Chico, Abercrombie & Fitch CitiTrend lost 10% or more. Yield on 10-year note rose to 4.638%. Auto makers GM and Ford continued their stock-slide for the second day. Crude oil rose to $63.39 per barrel.
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