U.S. stocks fall sharply on interest rates worries

4:30 pm ET Jun 6, 2007

DJIA

13,465

-129.79

S&P

1,517

-13.57

NASDAQ

2,587

-24.05

10Yr

4.97%

-0.006

U.S. stocks fall sharply on interest rates worries

NEW YORK
U.S. stocks fell sharply Wednesday, with the Dow Jones Industrial
Average posting a loss of more than 100 points, after news that unit
labor costs jumped in the first quarter fueled concerns over inflation,
interest rates and rising bond yields.

Economic Report: White House sees slower growth, but bullish on jobs

WASHINGTON
The U.S. economy will probably slow this year to 2.3% growth, but the
job market should remain healthy, the White House said Wednesday in its
semiannual economic forecast.