In addition, high rates could hurt corporate profits, so stock prices took a tumble.
Bank stocks dropped, too, amid concern that rising interest rates would hurt profits.
But lower demand from the personal computer industry is also hurting profits.
Now, some analysts say the economy is slowing too much and possibly hurting corporate profits.
That would hurt corporate profits and eventually make bonds more attractive than stocks.
Lack of riders hurt profits, and the ride was condemned.
Page One: in a competitive environment a negative image can hurt profits.
Higher interest rates are usually considered bad for stocks, because a slower economy hurts corporate profits.
But they fell on fears that the economic slowdown would hurt corporate profits.
While that might be an appropriate long-term strategy, it had hurt profits this quarter, they said.