Wednesday, May 31, 2006

S&P 500 Index worst in 22 years

Despite the administration's glowing reports about how this economy is doing just great and is "strong" (whatever that means), the bidding sheets on the trading room floors spell a different story.


NEW YORK (MarketWatch) -- U.S. stocks ended higher Wednesday, wrapping up a weak month on a positive note, with the S&P 500 Index putting in its worst May showing in 22 years, after concern over inflation, slowing economic growth as well as uncertainty over the outlook for interest rates plagued the market for much of the month.

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