(Bloomberg) -- Most U.S. stocks fell for a second
day after concern grew that financing for takeovers is drying
up and a drop in metals prices hurt earnings prospects for
miners.
Citigroup Inc. and JPMorgan Chase & Co. led declines in
the Standard & Poor's 500 Index after people with knowledge of
the deals said lenders couldn't find investors to fund the
buyouts of Alliance Boots Plc and Chrysler. Freeport-McMoRan
Copper & Gold Inc. posted its steepest decline in five months
after copper prices plunged.
Read more at Bloomberg Stocks News
day after concern grew that financing for takeovers is drying
up and a drop in metals prices hurt earnings prospects for
miners.
Citigroup Inc. and JPMorgan Chase & Co. led declines in
the Standard & Poor's 500 Index after people with knowledge of
the deals said lenders couldn't find investors to fund the
buyouts of Alliance Boots Plc and Chrysler. Freeport-McMoRan
Copper & Gold Inc. posted its steepest decline in five months
after copper prices plunged.
Read more at Bloomberg Stocks News
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