11. On Wall Street, news of more job cuts and a third-quarter revenue warning from Hewlett-Packard pressured stocks. 12. Stocks have been pressured so far this year by worries that the Federal Reserve will sharply raise interest rates to keep inflation at bay. 13. Stocks were also pressured by the latest slip in the value of the dollar. 14. Stocks were pressured throughout the session by the bond market, where interest rates rose sharply. 15. Stocks were also pressured by rising interest rates in the bond market. 16. Stocks were also pressured by the dollar, which slid to another new low against the yen. 17. That sometimes pressures stocks because when bond prices fall, interest rates rise, boosting borrowing costs for corporations. 18. Stocks were pressured at midday by rumors that the Federal Reserve bank of New York had called an emergency meeting to discuss market volatility. 19. The weak economic data also sent the dollar lower, which pressured stocks as well. 20. A research manager with a foreign brokerage said speculation that the baht was heading for a devaluation had intensified in the international markets and pressured local stocks. |