Minneapolis Fed Pres Kocherlakota:"it would be appropriate for the FOMC to raise the FF target interest rate by a modest amount at the end of '11"

Market news

5 May 2011

Minneapolis Fed Pres Kocherlakota:"it would be appropriate for the FOMC to raise the FF target interest rate by a modest amount at the end of '11"

Dow -42.23 at 12681.42, Nasdaq +6.39 at 2834.47, S&P -2.20 at 1345.12

Oil remains in the red by $6.90, trades at $102.33 and sliding quickly.

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