(Reuters) - NEW YORK, June 5 - U.S. stocks fell on Tuesday
after Federal Reserve Chairman Ben Bernanke warned inflation is
still a major concern, all but dashing remaining hopes for an
interest-rate cut this year.
Surging bond yields not only fueled nervousness about
escalating corporate borrowing costs, but posed stiff
competition to utilities and other stocks that pay high
dividends. FPL Group helped pull the S&P utility index
down 1.5 percent.
Read more at Reuters.com Bonds News
after Federal Reserve Chairman Ben Bernanke warned inflation is
still a major concern, all but dashing remaining hopes for an
interest-rate cut this year.
Surging bond yields not only fueled nervousness about
escalating corporate borrowing costs, but posed stiff
competition to utilities and other stocks that pay high
dividends. FPL Group helped pull the S&P utility index
down 1.5 percent.
Read more at Reuters.com Bonds News
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