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Lay may distract Wall St.


NEW YORK (CNN/Money) — Wall Street may see a retreat Tuesday from two sessions of gains after stock investors take in the latest corporate news on top of what is expected to be a stony silence from former Enron CEO Kenneth Lay, who is due to appear before a Senate Committee. Early indications point to a lower open for the major U.S. stock indexes.

Lay is the most public figure in the rise and fall of Enron. Investigators and investors alike will want to know what he knew about the questionable partnerships that brought down the company. Lay was subpoenaed by the Senate Commerce Committee after he declined to appear at a Senate hearing last week. He is expected to take the Fifth amendment when called upon by panel members.