Tuesday, January 8, 2008

Market sinks as AT&T stirs recession fear (Reuters)



Traders work on the floor of the New York Stock Exchange as Secretary of the Treasury Henry Paulson gives an interview in New York January 8, 2008. U.S. stocks fell, erasing an earlier rally, as shares of mortgage-related companies dropped sharply with traders citing rumors of more financial problems at Countrywide Financial Corp, the largest U.S. mortgage lender. REUTERS/Brendan McDermid (UNITED STATES)Reuters - U.S. stocks tumbled on Tuesday after a
warning by phone company AT&T of soft consumer spending
sparked a new round of recession fears, helping drive the S&P
to its worst-ever five-day start to a year.




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