Wednesday, June 27, 2007

U.S. Stocks Retreat on Drop in Durable Goods; GE, Moody's Shares Decline

(Bloomberg) -- U.S. stocks fell for a fourth day
after a government report said orders for durable goods
declined more than forecast and concerns lingered that losses
may worsen in bonds tied to mortgage loans.

General Electric Co., which makes products ranging from
appliances to jet engines, retreated. Moody's Corp., whose
founder created credit ratings, helped push a gauge of
financial shares to its lowest since April.


Read more at Bloomberg Stocks News

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