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Reuters: Wall Street falls on banks' profit view, oil's jump

Started by chris, March 26, 2008, 07:01:03 PM

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chris

Wall Street falls on banks' profit view, oil's jump
      


NEW YORK (Reuters) - Stocks tumbled on Wednesday, with all three indexes down 1 percent, as surging oil prices raised fears about slower consumer spending while financial shares sank after a prominent analyst said there was no end in sight to a drop in bank profits.
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