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Wall Street declines on higher Treasury yields
www.chinaview.cn 2007-06-21 05:28:19
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A pedestrian walks along Wall Street outside the New York Stock Exchange in New York in this file photo from March 5, 2007. (File Photo)

    NEW YORK, June 20 (Xinhua) -- Wall Street declined Wednesday with the Dow Jones average dropping more than 140 points as Treasury yields rose.

    The 10-year Treasury note's yield soared to 5.15 percent Wednesday, raising worries among investors on inflationary pressure.

    The Dow Jones fell 146.00, or 1.07 percent, to 13,489.42. The Standard & Poor's 500 index declined 20.86, or 1.36 percent, to 1,512.84, while the Nasdaq composite index fell 26.80, or 1.02 percent, to 2,599.96.

    Home Depot, one of the 30 Dow components, rose 4.6 percent as it announced to buy back more than a quarter of its shares and sell its Home Depot Supply business to some private equity firms.

    Nuveen Investments Inc. rose 16.6 percent as the investment manager said it agreed to be acquired by a private equity group led by Madison Dearborn Partners LLC for 5.42 billion dollars.

Editor: Yan Liang
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