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Economic Woes As Stock Falls
Posted by Kip Walton on: Wednesday 28 March 2007

Surging oil prices and a weaker-than-expected read on durable goods orders sent stocks lower early Wednesday.


Stocks slipped Tuesday after a weak profit report from Lennar revived worries about the housing sectors and a big drop in consumer confidence fed concerns about the broader economy.

Concerns about the economy were again in play Wednesday. February durable goods orders rose 2.5 percent versus a 9.3 percent decline in January, missing expectations.

CNN




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