U.S. stocks fall on inflation concerns, Wal-Mart outlook

4:30 pm ET Nov 2, 2006

DJIA

12,018

-12.48
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S&P

1,367

-0.47
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NASDAQ

2,334

-0.33
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10Yr

4.60%

+0.035
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U.S. stocks fall on inflation concerns, Wal-Mart outlook

NEW YORK
U.S. stocks ended lower Thursday, with the Dow Jones Industrial Average
taking its fifth loss in a row, hurt by data showing a pick-up in wage
inflation and a rise in jobless claims.
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The Fed: Inflation bulge may have peaked: Dallas Fed's Fisher

NEW YORK
Examination of the Dallas Fed's own inflation gauge suggests that the
worst news on consumer inflation may be behind us, Richard Fisher, the
president of the Dallas Federal Reserve Bank, said Thursday.
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Microsoft follows Oracle into Linux market: report

SAN FRANCISCO
With Microsoft Corp. reportedly set to follow Oracle Corp. in offering
support services to corporate customers using the Linux operating
system, pressure is mounting on Red Hat Inc. and others that depend on
the open source software to survive.
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Cruise and Wagner to take over MGM's United Artists

LOS ANGELES
In the wake of his highly publicized falling out with Viacom Chairman
Sumner Redstone, actor Tom Cruise and his producing partner, Paula
Wagner, will form a partnership with Metro-Goldwyn-Mayer and seek to
revive the United Artists studio, it was announced Thursday.