29 May 2006

Economic news could trouble Wall Street

By CHRISTOPHER WANG, AP Business Writer 2 hours, 9 minutes ago

NEW YORK - Although Wall Street has shown signs of recuperating from its recent selloff, this week's batch of critical economic reports could easily shatter investors' fragile optimism and send stocks sliding again.

With few earnings reports due, the market will once again be fixated on economic growth and inflation as traders judge the possibility of more interest rate hikes from the Federal Reserve.

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