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Tuesday, June 07, 2005

Analysis: Buy signals for stocks

Buy signals for stocks
CNN Money
June 7, 2005: 6:08 AM EDT

NEW YORK (CNN/Money) - Stocks could get a lift at Tuesday's open from Federal Reserve Chairman Alan Greenspan saying he expects long-term interest rates to stay ow as well as from a decline in oil prices.

U.S. stock futures were up in early trading, indicating a higher opening for stocks.

Greenspan said that low long-term interest rates are not easy to explain, but not ikely to change in the immediate future. He also said the narrowing spread between ong-term and short-term rates does not necessarily signal an economic slowdown.
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CNN Money: Buy signals for stocks


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