Wednesday, June 18, 2008

NEW YORK (AP) - The biggest jump in wholesale prices since late
last year sent stocks tumbling yesterday.

The Dow Jones industrial average opens this morning from 12,160
after finishing with a loss of 108 points. The Nasdaq composite
index, which was down 17 points, stands at the 2,457 level.

The S&P 500 dropped nine points, and will begin today's session at 1,351.
Investors were rattled by the 1.4 percent increase in the
producer price index during May. And even though the core rate of
inflation, excluding food and energy, was more moderate, there are
concerns that companies may soon be forced to pass their rising
costs on to customers.

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(Copyright 2008 by The Associated Press.  All Rights Reserved.)