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Market Update Analysis: 
Wage Inflation Concerns
Author: 123jump.com Staff
123jump.com
Last Update: 4:52 PM EST February 03 2006


Market could not shake-off its nervousness related to wage inflation on the account of five-year low unemployment report. Internet, casions, energy and financial brokerage stocks declined. Amazon dropped 11% on weak earnings and revenue report. Rackable Systems gained 18% on earnings. Moody posted 22% rise in Q4 earnings. Fossil, watchmaker dropped 25% on revenue miss.

 

 

 

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