Stocks Close Lower Amid Inflation Fears
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Wall Street gave up a big early advance after oil prices closed above $100 for the first time and stoked fears that inflation will stymie an already troubled economy.
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U.S. stocks closed lower on Monday as oil prices above $69 a barrel hit energy-dependent sectors and offset gains from corporate takeovers.
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U.S. stocks fell on Wednesday after   revised data on labor costs stirred inflation concerns and   Intel Corp. said it would cut fewer jobs than some investors   expected.
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Stocks edged lower on Thursday as weakness in the dollar raised worries about inflation two days after the Federal Reserve's aggressive interest rate cut.
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U.S. stocks tumbled on Tuesday, with  the Nasdaq closing at a one-month low, after the Federal  Reserve said in minutes from a December meeting that interest  rates remained too low to contain inflation.
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U.S. stocks tumbled on Tuesday, with the Nasdaq closing at a one-month low, after the Federal Reserve said in minutes from a December meeting that interest rates remained too low to contain inflation.
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U.S. stocks fell on Tuesday, weighed  down by retailers after Wal-Mart Stores Inc. WMT.N reported  lackluster sales, while a jump in producer prices renewed  concerns about inflation and the prospect of more aggressive  rate increases from the Fed.
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Concerns over the economy and potential inflation outweighed a sharp drop in oil prices, sending stocks slightly lower yesterday. All three major indexes were lower for the week as Wall Street&#39;s customary year-end rally stalled.
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US stocks had a weak start on Friday after news that consumer inflation surged last month, casting doubt over whether the Federal Reserve can lower rates in the future.
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Leading shares closed weaker in dull trade, but finished off the morning low as Wall Street's early decline proved less than feared, dealers said.
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Stocks closed mostly lower yesterday as record oil prices and economic data showing slower-than-expected growth last month weighed on the markets.
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U.S. stocks fell for a second day on   Thursday as fears over inflation and higher interest rates   combined with signs of further weakness in the housing market   softened demand for equities.
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London shares closed lower, depressed by a weak morning by Wall Street as concerns over high oil prices and a weaker dollar continued to weigh on sentiment on both sides of the Atlantic, dealers said.
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Wall Street stocks opened lower on Wednesday as the market responded to worse- than-expected data on US worker productivity and lingering fears about inflation.
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U.S. stock futures pointed to a lower   market open on Thursday on persistent concerns over global   inflation and further signs of a deterioration of the U.S.   housing market from several home builders.
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Stocks barely moved on Monday as   investors avoided taking big positions ahead of inflation data   and a Federal Reserve decision on interest rates this week.
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Stocks fell on Tuesday after Federal Reserve Chairman Ben Bernanke said inflation risks remain to the upside, suggesting equity investors should not count on an interest rate cut spurring stocks higher in the near future.