Wall Street declines after rally as Freddie Mac swings to wider-than-expected 2nd-quarter loss
NEW YORK (AP) — Stocks declined Wednesday, a day after a big rally, as troubled mortgage financier Freddie Mac reported a larger-than-expected second-quarter loss and touched off fresh concerns about the financial sector.
Freddie Mac, which substantially increased its reserves for souring loans, lost [...]
Tag Archive | "economic statement"
Wall Street declines on Freddie Mac loss
Posted on 06 August 2008
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