4:20 pm : Stocks got rocked Tuesday as a growing sense that Thursday's policy directive will not provide a sense of closure for the market with respect to the Fed's likely stopping point with its tightening weighed on sentiment.
With central bankers beginning their two-day meeting to discuss monetary policy, ongoing uncertainty surrounding what the Fed policy statement will imply about the need for more rate hikes continued to act as an overhang. Couple that underlying sense of nervousness with some dispiriting news on the corporate and mixed economic data and the bears again
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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?
Israeli troops enter Gaza; Bridges hit Israeli soldiers prepare after receiving orders to move into the Gaza Strip at an army base outside Kibbutz Kerem Shalom, near the border with the southern Gaza Strip, early Wednesday June 28, 2006. Israeli planes attacked a bridge in central Gaza late Tuesday, Israel Radio reported, and Israeli tanks were on the move after Prime Minister Ehud Olmert approved a "limited operation" for southern Gaza, Israeli military officials said. Israel has been massing troops around Gaza since Sunday, when Palestinian militants tunneled under the border and attack an Israeli army post at a Gaza crossing, killing two soldiers and abducting a third.(AP Photo/Oded Balilty)
4:10 pm PT Bally Fitness reports Q4 2005 and Q1 2006 results (BFT) 7.00 -0.03 : Bally Fitness reports�Q4 2005�GAAP EPS loss�of $0.45 vs a loss of�$0.52 yr ago; revs�of $258.3�mln were even with last year.�Co reports Q1 2006 GAAP EPS�of $0.87 vs $0.14 yr ago; revs�were up 1% to�$255.2 mln from $253.8��No estimates available.
3:39 pm PT CNBC Guests of Interest for Tomorrow, June 28 : Guests of interest include: Squawk Box 6:00 AM - 9:00 AM ET: Steve Singh Concur Technologies Chairman & CEO...� Morning Call 10:00 AM -- 12:00 PM ET: William Ford Former Atlanta Fed President; Roger Penske UnitedAuto Group Chairman & CEO...� Power Lunch 12:00 PM - 2:00 PM ET: Harry Clark Clark Capital Management Group Founder, President & CEO; Donald Gogel Clayton, Dubilier & Rice CEO...� Street Signs 2:00 PM -- 3:00 PM ET: Alan Blinder Princeton University Professor of Economics & Former Fed. Reserve Vice Chair; Frank Holmes U.S. Global Investors CEO, Chief Investment Officer; Tom McInerey GUBA CEO.
2:08 pm PT Investors REIT Announces Its Inclusion in the New NASDAQ Global Select Market (IRETS) 8.91 -0.09 : �