(Reuters) - NEW YORK, June 29 - U.S. stocks fell on Friday
as banks and brokers retreated on concerns about the impact of
tightening credit on takeovers and the subprime mortgage
industry.
Early gains evaporated as oil rose to $71 a barrel and
investors booked profits before the quarter's end and the July
4th holiday week. That offset data pointing to moderating
inflation and economic growth.
Read more at Reuters.com Bonds News
as banks and brokers retreated on concerns about the impact of
tightening credit on takeovers and the subprime mortgage
industry.
Early gains evaporated as oil rose to $71 a barrel and
investors booked profits before the quarter's end and the July
4th holiday week. That offset data pointing to moderating
inflation and economic growth.
Read more at Reuters.com Bonds News
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