Wednesday, June 27, 2007

U.S. Stocks Retreat on Drop in Durable Goods Orders; Caterpillar Declines

(Bloomberg) -- Most U.S. stocks fell for a fourth
day after a government report said orders for durable goods
declined more than forecast and concerns lingered that banks
face further losses in bonds tied to mortgage loans.

Caterpillar Inc., the world's biggest maker of earthmoving
equipment, dropped the most in four months. Countrywide
Financial Corp., the largest U.S. mortgage lender, helped push
financial shares to the lowest since April.


Read more at Bloomberg Stocks News

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