Tuesday, June 13, 2006

The Markets Fell For An 8th Straight Down Day Erasing All Stock Gains For The Year For The Dow

Government data on the core Producer Price Index for May showed costs rising slightly more than Wall Street had expected and retail sales rose just 0.1 percent in May, matching Wall Street expectations. Some investors kept their money on the sidelines before Wednesday's much-anticipated Consumer Price Index report for May for a clearer view on inflation. U.S. markets also felt pressure from a global equities sell-off.