4:20 pm : With stocks fresh off an impressive two-day rally, another round of hawkish Fed speak sparked some concern that stocks may have gone up too far too fast, prompting investors to lock in some profits. The Dow, SnP 500 and Nasdaq had surged 2.8%, 2.7% and 3.5%, respectively, since Wednesday, but with no notable economic data and an earnings calendar similarly devoid of influential releases, investors' struggled to get a clear indication that corporate profit growth will hold up in the face of rising interest rates.
Hardest hit on the day was the Nasdaq, which was not
Now That's Just Sad No one likes feeling down. But down and like a dim bulb? That's just adding insult to injury.
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General Health Tip
10 Minutes Before "Seconds." Feeling like getting a second helping of food? Hold back for 10 minutes before you make your move. It takes at least that long for your brain to get the message that your stomach is full.
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NATALEE'S UNCLE SAYS 'RE-ARREST DEEPAK!'
Natalee Holloway's uncle is demanding that suspect Deepak Kalpoe be re-arrested in the 10-month-old mystery of the pretty blonde honor student who disappeared in Aruba. Deepak, his brother Satish and Joran van der Sloot were with the Alabama teen, pictured center, when she was last seen leaving a bar on the island in the early hours of May 30. Her uncle Paul Reynolds told The National Enquirer that he believes Deepak, 21, should be the chief suspect instead of van der Sloot, 18. Reynolds also... STAR JONES CHEATS DEATH AS SHE UNDERGOES PLASTIC SURGERY A WILD NIGHT OUT FOR JESSE & HIS PARTY PAL LINDSAY
Star Magazine
KATIE HOLMES: FEARING FOR HER TOMKITTEN
Katie Holmes was already worried about the upcoming birth of her baby. According to the tenets of 43-year-old fiancé Tom Cruise's religion, Scientology, she'll have to be silent (not even a moan!) during the delivery, lest the trauma be imprinted in her baby's brain. Plus, a source says, "Only Tom and a few Scientology supporters will be in the room — not Katie's mother!" And Scientology advocates separating the baby from its mother for at least the first 24 hours after birth. Now... IT'S OVER! KRISTIN CHEATS ON NICK WITH HER EX! ANGELINA PILOTING HER PLANE AT 7 1/2 MONTHS: IS SHE CRAZY?
Report details detainee abuse by US forces Iraqi prisoners wait inside the Abu Ghraib prison compound, shortly before they are released, as another batch of 200 prisoners were freed under a national reconciliation plan announced by Iraq's Prime Minister Nuri al-Maliki last week to free a total of 2,500 inmates, in Baghdad, June 15, 2006. (Ali Jasim/Reuters)
2:27 pm PT Hancock Fabrics to Correct Reported Non-Cash Pension Amounts (HKF) 3.18 +0.05 : Co reported that its outside actuarial consultant has informed the Co that prior estimates of pension expense and benefit obligations provided to Hancock for financial reporting purposes have been incorrectly calculated for certain employees' first year of employment. Correcting for this actuarial error will result in non-cash charges to the Co's prior years' reported net income and its shareholders' equity.
2:25 pm PT Popular Inc files for mixed shelf offering (BPOP) 18.76 -0.02 : �