Tuesday, March 27, 2007

Wall St indexes fall, late oil spike hits futures

(Reuters) - U.S. stocks fell on Tuesday after a weak consumer confidence report fueled concerns the housing slowdown may spread to the broader economy and hurt corporate profits.

After the closing bell, U.S. crude oil futures spiked over $5 a barrel on concerns about Iran, sending U.S. stock futures sharply downward in electronic trading.


Read more at Reuters Africa

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