U.S. stocks set to bounce after rate fear losses

Newswire

By Bill Rigby NEW YORK, April 30 (Reuters) - U.S. stocks were poised to rise on Friday as investors go bargain-hunting after two days of losses pushed the major indexes to their lowest levels in a month, pressured by fears of rising interest rates. Blockbuster earnings continued on Friday, with Dow component Procter & Gamble Co. posting a 20 percent rise in quarterly profit. This week upbeat earnings news has been overshadowed by fears that early signs of inflation will prompt the ...

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