AP - Tuesday, June 9
Excerpts:
"Stocks reversed steep losses in the final hour of trading Monday to end little changed. The Dow Jones Industrial average recovered from a 130-point slide to end up a little more than a point.The market spent much of the day falling along with commodities prices, but then regained ground as commodities came off their lows...
...Investors are betting that the Federal Reserve will have to hike interest rates later this year to counter the inflation that investors fear could accompany the government's huge debt sales.Overseas, Britain's FTSE 100 fell 0.8 percent, Germany's DAX index slid 1.4 percent, and France's CAC-40 dropped 1.5 percent. Japan's Nikkei stock average finished with a gain of 1 percent."
