U.S. stocks fall, interest rate hike fears loom

Newswire

(Updates to early afternoon, changes byline) By Vivian Chu NEW YORK, April 29 (Reuters) - U.S. stocks sagged on Thursday after a surprising jump in a key inflation gauge sparked fears the Federal Reserve would raise interest rates and overshadowed several strong earnings reports. Technology stocks fell for the fourth straight day, weighed by a slump in shares of JDS Uniphase Corp. after the fiber-optic parts maker posted a smaller quarterly loss but forecast an uncertain industry ...

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