Wednesday, July 18, 2007

Subprime woe, Bernanke talk hit US stocks; IBM up late

(Reuters) - U.S. stocks fell on Wednesday on deepening concerns that a crisis in lending could spread and a warning from the Federal Reserve chairman that weakness in housing could hurt economic growth for some time.

Disappointing results from technology bellwethers also weighed on stocks. Shares of Intel Corp. and Yahoo fell nearly 5 percent after their quarterly scorecards fell short of some expectations.


Read more at Reuters Africa

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