Bulls Take Body Blow on Rate Fear (Posted 06/06/2007)
Posted on June 06, 2007 at 18:34 PM EDT
Stocks mounted a minor recovery in the final hour of trading but heightened rate concerns bludgeoned the market through much of the day, encouraging traders to take profits following recent gains. The sell-off was broad-based, with losers topping winners by a four-to-one margin, as rate sensitive groups led the decline.