Wednesday, June 20, 2007

Most U.S. Stocks Drop After Bond Yields Gain; Citigroup, JPMorgan Decline

(Bloomberg) -- Most U.S. stocks fell after 10-year
Treasury bond yields rose for the first time in four days,
reviving concern higher borrowing costs will curb growth.

Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co.
led declines in companies that benefit from low interest rates.
All 32 energy companies in the Standard & Poor's 500 Index
retreated after the price of oil slid from a nine-month high.


Read more at Bloomberg Stocks News

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