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AccessMyLibrary    Browse    D    Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)    JUN-01    Stocks Fall After Four-Day Hot Streak.

Stocks Fall After Four-Day Hot Streak.

Publication: Daily News (New York, New York) (via Knight-Ridder/Tribune Business News)

Publication Date: 07-JUN-01
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COPYRIGHT 2001 Daily News

Byline: Judith Schoolman

Jun. 7--Stocks broke a four-day winning streak yesterday as discouraging outlooks from computer giant Hewlett-Packard and financial powerhouse J.P. Morgan Chase helped push investors to sell.

Adding to the cloudy forecast, influential Fed governor Laurence Meyer said the economy was likely to remain "sluggish" into the fall, but he cautioned that the central bank shouldn't cut interest rates too aggressively and ignite inflation.

The Dow Jones industrial average fell...

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