(Reuters) - NEW YORK, July 6 - U.S. stocks fell on Friday on
concern about higher borrowing costs as bond yields rose after
stronger-than-expected jobs data reinforced the view that the
Federal Reserve would not cut interest rates this year.
The rate worries overshadowed news of corporate takeover
activity -- a proposed $4.2 billion purchase of eye-care
company Bausch & Lomb Inc. by Advanced Medical Optics
Inc. For details, see [ID:nN05385353].
Read more at Reuters.com Bonds News
concern about higher borrowing costs as bond yields rose after
stronger-than-expected jobs data reinforced the view that the
Federal Reserve would not cut interest rates this year.
The rate worries overshadowed news of corporate takeover
activity -- a proposed $4.2 billion purchase of eye-care
company Bausch & Lomb Inc. by Advanced Medical Optics
Inc. For details, see [ID:nN05385353].
Read more at Reuters.com Bonds News
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