Business News Roundup, May 18
Stocks fell across industries on Tuesday, erasing gains from a rally a day earlier, as investors sifted through economic reports for clues as to when the era of low interest rates may end. Consumer goods companies and utilities fell the most. Energy stocks rose as the price of crude oil rose to a seven-month high. Diane Jaffee, a senior portfolio manager at TCW Group, said investors are worried that a pickup in inflation suggests the Federal Reserve might raise interest rates soon, threatening the still-sluggish economy. Читать дальше...