|
|
|
Financial Stocks Drag Averages |
| |
Author: 123jump.com Staff
123jump.com
Last Update: 4:29 PM EST February 26 2007
Stocks traded lower in financial and industrial sector and on expectations of a big downward revision in gross-domestic product. Worries related to sub-prime loans default and possible slow down for the ratings services business affected McGraw Hill and Moodys. Financial stocks including banks and mortgage lenders declined. American Express and Citigroup lost grounds. TXU agreed to $45 billion buyout from KKR. |
|
| |
|
|
