Wednesday, June 27, 2007

US stock indexes dip again as subprime fears weigh

(Reuters) - U.S. stocks closed down for a third session on Tuesday as higher bond yields raised concerns about borrowing costs and more fallout from the subprime mortgage market kept investors on edge.

But a drop in oil prices eased worries about inflation and takeovers in health care and chemicals increased optimism about share valuations, limiting the market's decline.


Read more at Reuters Africa

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